Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (34869)	12/7/1999 5:43:00 PM
From: KeepItSimple	Respond to of 99985

>How do you tell whether the Fed is adding or draining liquidity ? For starters, the fed doesn't drain liquidity anymore. That's old-era thinking. But if you want to see how much they actually add, just read the coupon pass reports or repo wires..

To: fedhead who wrote (34869)	12/7/1999 5:45:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Anindo, the news of the Fed's repo's and coupon passes always make the rounds on various threads on S.I. - i also follow the BEARX board's Fed specialist Mr. Moto, who regularly updates money supply data and related news there. you can find the info on YHOO as well, but i'm not sure where to look there. Human Action is Ludwig von Mises's main work...i heartily recommend it. On the Manipulation of Money and Credit is another von Mises title well worth the read... Gold had a good day today...it remains to be seen if it was just short covering or something more sustainable. in view of the Fed's liquidity splurge, gold should actually do well in the future, as should other commodities. regards, hb

To: fedhead who wrote (34869)	12/8/1999 1:32:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 99985

Anindo, I was looking for "Treasury News" on Yahoo yesterday, and I had a tough time finding it. For some odd reason, the link is only found as a button at the bottom of a news story relating to certain financial news articles. I guess that's why Yahoo site is so "streamlined"; it's because they make you follow a maze in order to find what you want. Anyway, here it is: biz.yahoo.com It goes back 1 month. It's quite eye-opening. Like clockwork before the market opens, there is an article quoting financial analysts (economists usually) that headlines, "Fed seen adding reserves via xxxxxx". Then usually within 10 minutes of market open (9:30), another article says "Fed says added reserves via xxxx." And yes, the Fed has only been adding money supply, except on the rare days when they "refrain from open market operations".