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

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To: Tommaso who wrote (70628)9/29/2006 10:28:00 AM
From: bart13  Read Replies (1) of 110194
 

The whole notion of the PPT is completely unproven, and as far as I can tell, activities to directly influence the stock market by buying securities would be completely illegal.


I'm not a big fan of the literal PPT bogey man either, but the correlations between various Fed & Treasury actions do exist and are quite significant at the very least. The executive order for the PPT does exist too.

As far as the Fed and buying stocks, my research indicates that it is not illegal. My TIO article covers some applicable quotes.

Also, per Humphrey Hawkins, they are allowed to buy both US and foreign debt, and the stock and bond markets are related.
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