Sorry if this sounds like a basic question, but..
Wasn't the bubble starting in Oct. '99 really a function of Fed daily measures (repos buybacks), and (obviously) not previous rate cuts.....it seems that there is so much focus on the Fed cut the discount/funds rate(s), but that the REAL emphasis should be on the pumping down by these daily measures...that is the more immediate pump method, and it seems to work like a charm.....huge increase in late Dec./Jan...the (Naz) market took off...
Do you monitor this? How much creedence do you put on it? Now, are the repos the only thing used? If there are other measures, what are they? Is it possible to track them on a daily basis? I've seen a link to (Yahoo) newswire that mentions when the Fed does daily interventions....would that be the best way to go about monitoring? It seemed for a while there, every time the Fed acted (in a big, daily way), the market lept <G>
My understanding is, that the Fed frees up liquidity for the banks via the repo (buybacks), and sitting on non-perfoming cash, it is immediately dumped into the market (and/or bonds).....is that right?..what I'd like to (also) know is...how come the Naz always seems to benefit more (from this liquidity)..even in bad time (this Jan.)?
I am really interested in following this (regularly), since it seems so germane. Much thanks for any help you can provide. Sorry for all the questions ...
BTW- Loved that '82 Austrian World Cup team....they made a good show that year......what was the forward's name again who scored a few goals that year? Can't believe I already forgot his name.....Yanks getting progressively better, too...we got some 16-19 years olds who are going to be stars in Europe, just wait! I reckon 2006 (in Germany?) will be the big breakthru Cup for U.S. (sorry if I'm offending any soccer-haters here <G>) |
