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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: austrieconomist who wrote (896)9/20/2003 12:15:55 PM
From: russwinter  Read Replies (1) | Respond to of 110194
 
MZM and/or M2 are looking about the same and just confirm each other: trending down/flat since August 4. There is a tightening underway, and most people are still playing the last gasps of the big reflation, to try and save their jobs and performance, I think. Same old trap, the money guys will never learn. I just don't see this as a "three month down the road" timeframe on the fallout, and have bet accordingly.

M2:
8-4: 6123.1
9-8: 6116.8

MZM:

8-4: 6418.3
9-8 6397.5

And after panicing a little around Labor Day look what they've done with their repo activity:
bullandbearwise.com



To: austrieconomist who wrote (896)10/3/2003 6:12:25 PM
From: russwinter  Read Replies (2) | Respond to of 110194
 
Here's a shocker:

research.stlouisfed.org

More fumes:

bullandbearwise.com



To: austrieconomist who wrote (896)10/5/2003 6:11:09 PM
From: russwinter  Read Replies (1) | Respond to of 110194
 
Fed liquidity mop up watch:

MZM
8-18 6504.8
9-22 6445.3 down 0.9% in five weeks

M-2
8-4 6123.1
9-22 6102.8 down 0.35% in seven weeks

week of 10-1

US govt securities bought outright +129m

Foreign holding US debt +10,173b WOW! total: 973,530b Obviously unsterilized and desperate purchases at any price (drove 10 UST to 3.95%, after G 7 meeting). Perverse!