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Strategies & Market Trends : Portfolio Construction
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To: Keith Feral who wrote (560)8/27/2007 9:42:00 AM
From: Rarebird  Read Replies (2) of 1964
 
<<I think the FED will come in Friday to make a cut in the FED funds rate, consistent with his $38 billion REPO 2 weeks ago and the cut in the discount rate last Friday.>>

I still hear nonsense about how "the FED has flooded the economy with money to bail out Wall Street." This is total garbage. The clear picture from the Repo Balance is that the Fed is attempting to drive their competitors out of business -- just as they did in the Great Depression. The Great Depression was caused by the Fed in order to eliminate banks which weren't members of their club. They succeeded then and they are going to succeed now. The only question is just how far they want to push the economy underwater. As soon as their competition in the banking industry is destroyed, they will reverse course and flood the market with money. Until then, deflation appears to be the Fed's game plan.
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