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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Activatecard who wrote (33886)	5/19/2000 11:16:00 AM
From: pater tenebrarum	Read Replies (2) \| Respond to of 42523

well, basically the 'add need' refers to repo's that are expiring and need to be replaced. generally they're doing this to keep the bubble from bursting and because Al likes nothing better than to print,print,print. of course there's also the still absolutely explosive credit demand...it seems they have decided to allow the mountain of debt to grow even larger. and since the credit markets suffer from a mini liquidity crunch they're probably worried that there might be a period of market instability ahead, and are trying to pre-empt it. of course none of this makes sense...it merely ensures that the bust when it comes will be even greater. but then they're in a box...they have already allowed things to go way too far. anyway, that's just my opinion...you don't create the biggest credit and asset bubble of all time combined with ultra-low savings rates and an exploding current account deficit without the chickens coming home to roost at some point.