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

To: mishedlo who wrote (2627)	11/25/2003 9:27:21 PM
From: russwinter	Respond to of 110194

I've looked over the Fed's activity this month, and would have to say they've been frantic, surprisingly so given the so called 8% GDP growth, strong commodity prices, parabolic freight rates, etc. Must be trying to deal with twin deficit supply (or something?), as it sure doesn't make sense from an inflationary or economic point of view anymore. Really emboldens the leveraged crowd I'm sure. Temporary OMO operations: bullandbearwise.com AND, four permanent coupon passes: 11-5 1.1 b 11-12 1.46b 11-18 786m 11-24 786m total: 4.132b PLUS purchases (monetizing) of US debt: 10-29 +1.341b 11-5 +847m 11-12 + 1.400b 11-19 +1.750b total: 5.338b foreign CB purchases last four weeks slowed some: 18.747b