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Non-Tech : Money Supply & The Federal Reserve -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (375)	8/20/2002 4:30:29 PM
From: UnBelievable	Read Replies (1) \| Respond to of 1379

Now That They Are Trading For Their Own Account They don't need the RPO's <gg> The $19.25 Billion outstanding is about the average since I started tracking the total outstanding. Since they did 3 day RPO's yesterday, tomorrow will also be $19.25 without and further interventions. (Which since we closed red, producing a number of potential failed breakouts, unless they get fixed tomorrow,I doubt will be the case. I will admit to a bias toward cynical <gg>) Thursday we should get a better sense if they really are trying to wean the market from their daily fix. There are three different muti-day interventions which expire then. Without additional activity there will "only" be $10 Billion outstanding. Thursday is also the day they usually do the 28 day RPO's (as well as others depending on how generous they are feeling). So Thursday we should be able to get a sense if they are letting the average decline. In addition the late summer trading volume has been very low so it probably costs less to keep the bubble inflated.