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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: MythMan who wrote (410916)	10/11/2010 5:58:59 PM
From: Terry Maloney	Read Replies (1) of 436258

Taibbi on Bill Gross letting slip on cnbs the other day that da boyz front run the fed on insider info ... (well, yeah, duh -- but interesting to now have it on the record -s) Taibbi, explains QE1 and QE2 a bit then writes ... >>But one thing we know for sure is that big banks and Wall Street speculators are real, immediate beneficiaries of the program, as they suddenly have trillions of printed dollars flowing through the financial system, with endless ways to profit on the new chips entering the casino. And by an amazing coincidence, many of the biggest players in the financial services industry have a habit of buying up MBS or Treasuries just before these magical money-printing programs of the Fed send their respective values soaring. ... Gross at one point says this: "What is important going into November is the staff forecast for economic growth for the next 12-18 months. Our understanding is that the Fed is about to downgrade their forecast from 3% down to 2% ..."<< rollingstone.com

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