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Non-Tech : Money Supply & The Federal Reserve

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To: Cush who wrote (2)8/9/2002 9:26:29 AM
From: UnBelievable  Read Replies (4) of 1379
 
I'll Try To Post My Cumulative RPO Calculation

and each day's activity.

Sometimes its a little tricky because the FOMC will intervene more than once, and not always at the same time so the initial release may not be the whole story.

Yesterday they did $3 Billion in 28 day and 5.25 in overnight. I'll post the cumulative outstanding with today's numbers.

On Wednesday they did 5.25 in ON and on Tuesday they did 2.5 in 2D.

After a period a relative moderation (which seemed to coincide with the dip in the dollar) the faucet seems to be wide open again.

For those who may not have read any of my prior posts my basic perspective is that the only thing holding this market up is the Fed's continual injection of daily liquidity.

Until either a significant drop in the value of the dollar or domestic inflation that cannot be explained away, causes them to stop, they will continue this type of activity.

BTW - many people do not know that the Fed is owned by the major banks - among the largest shareholders are JPM and C.
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