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

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To: ahhaha who wrote (45454)11/15/2005 9:20:35 AM
From: Wyätt Gwyön  Read Replies (2) of 110194
 
russ: FCBs are having twice the impact of the Fed, and thus are setting US monetary policy.

ahhaha: Ridiculous. What evidence do you have of this?


he is presumably referring to FCB holdings of Treasurys and agencies, which are twice as large as the Fed's own Net Securities Held.
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