Galapagos Islands Message Board

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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (1220)	9/17/2002 10:34:04 PM
From: stomper	Read Replies (1) of 57110

FWIW, re the PPT. The Fed let 6.5 billion expire today without replenishing more blood into the patient. They have been hitting pretty solid on a 10% growth rate, but over the last 5 weeks have generally pulled back on how much they have been feeding the system. Either they know their efforts are/will be fruitless on the liquidity front or something else is up, b/c there has been a definite systematic reigning in of the amount of new money coming in. As of today, they are close to dropping below a long standing trendline of increases. Should be interesting to see if they dump a load on us tomorrow. -dave

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