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

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To: russwinter who wrote (99978)11/27/2008 5:52:32 PM
From: bart131 Recommendation  Read Replies (1) of 110194
 
Yet another milestone along the path to monetary and fiscal hell, monetization wise, etc.

One of the more "interesting" things that no one I know of has covered in any depth is - where did the $1.3+ trillion come from to grow the Fed's balance sheet recently? We know about $600+ billion came from the Treasury via the SFP and that money was mostly from the "flight to quality"... but how much of the rest is actually "stealth monetization"?

100s of billions into the PDCF, TAF, TSLF etc... they're neither a temp repo (limited to 60 days if memory serves) nor a permanent repo which would show up in SOMA as real monetization. It sure is yet another item that makes me want to go hmmmm, and then some...
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