The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: russwinter	3/5/2005 8:14:19 PM
	Read Replies (2) of 110194

Discussion at WSE forum between Charles Mackay and I about the big FCB agency buys last week. Is this a new liquidity injection, or just rearranging deck chairs on the Titanic. MacKay seems to lean towards new liquidity, as he suggests these are open market purchases rather than direct purchases from FNM's own portfolio. I'm not so sure. wallstreetexaminer.com Agencies had an even bigger rally on Friday than the Treasury. gcm.com Like everything else, risk spreads just get smaller and smaller. Commodities futures.tradingcharts.com and bonds spiking, AND risk spreads narrowing. Doesn't seem to make sense unless it's just a wave of hyperinflationary liquidity overwhelming trading in everything. Is the Fed tacitly aware of this? Interestingly while Japan runs amok, the Fed actually sold (drained) $200 million from their account in the last three weeks. token, but may also give some hint about their sentiment right now. Is Japan running a rogue operation countering US meonetary policy?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next