The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: stomper who wrote (166292)	11/22/2008 10:58:03 AM
From: James Hutton	Read Replies (1) of 306849

I don't get it. I thought the Fed was selling treasuries to finance the purchase of all the crap they're buying. "Buying Treasuries Future action by the central bank might include ``aggressively buying long-term Treasury issues,'' Gramley, now a Washington-based senior economic adviser for Stanford Group Co., said in a Bloomberg Television interview. Michael Feroli, a JPMorgan Chase & Co. economist who used to work at the Fed, said the central bank could also purchase the debt of Fannie Mae and Freddie Mac, the mortgage-finance companies seized by the government in September. ``Before ramping up'' such programs, the Fed might ``first communicate to the markets that the nature of the current economic woes should keep rates low for an extended period,'' Feroli wrote in a note yesterday. The Fed's balance sheet has already doubled to almost $2 trillion as officials introduced programs to inject liquidity into the economy."

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