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To: pater tenebrarum who wrote (5335)7/24/2000 12:31:08 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 436258
 
Daily airdrop report:

www2.marketwatch.com{06143C2D-FBDA-4CDF-A6B0-30AB1E1B43BF}

Another 2 billion (28 dy Repos) in bubble support. With all this printing going on, why is LXK down?<VBG>

Edit: Whoops, LXK now up, probably based on sales of printing cartridges to the Federal Govt!!!



To: pater tenebrarum who wrote (5335)7/24/2000 2:59:16 PM
From: No Mo Mo  Read Replies (1) | Respond to of 436258
 
Heinz-

"...with its targeting of the funds rate, the Fed simply satisfies all credit demand that exists at that rate...if demand pushes the rate up, the Fed simply provides more liquidity to the market to push the rate back down."

I'm still not clear where that liquidity comes from and how it is injected. Can you elaborate, please?

TIA-
Darin


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