Well, MM, on the subject of "protection", even though I'm
not there, I know a few folks in derivative groups at
major banks, supposedly the manipulators and the protectors.
The answer seems to be a bit different. They have full faith
in standard mathematical procedures of setting up derivative
positions, and they don't really care how many zeroes those
have. -g- So, a different view would be nobody really knows
WTF is going on there, or why, neither these folks in
derivative groups at major banks nor the Fed, but they all
follow procedures that work as long as there is plenty of
liquidity. Banks use derivatives to lever up income, and for
nothing else. So no, this is not control of the Fed, it's just
a huge, huge bubble. Nobody believes the steamroller exists
anymore, cause it really has not been seen around for a while
-g- Yes, the bubble is thanks to the Fed and its back room,
but no, the Fed just has absolutely no clue WTF is going on,
and neither does everyone else. -g-
I think this view is far more likely than the view that
a few members of the Fed are informed daily of the developments
in the World markets, and press a buy button for some
of those with the sole purpose of manipulation -g-
These same "procedures" will drop the dollar now if the
Fed does not raise, while others do. -g- |
