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


To: russwinter who wrote (1819)11/4/2003 11:54:21 AM
From: Louis V. Lambrecht  Respond to of 110194
 
Plain business? Make treasuries scarce so they can put the new 200 billion on the market? (85 billion this quarter, 115 billion next quarter extra-ordinaries to finance the Middle-East).
Get 'em Dollar rising and dry up treasuries, and voila.



To: russwinter who wrote (1819)11/4/2003 2:47:50 PM
From: Wade  Read Replies (1) | Respond to of 110194
 
Russ,
Interesting. I bet Fed used that cash to buy Treasuries to lower the interest rate. These are the same money with different names. We can find out the total reserve balance at this week end.

Sincerely,
Wade