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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 (15179)	6/11/2004 3:28:34 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

Our standards must be getting lower and lower, anything goes? By my thinking a $1.598 billion weekly fiscal deficit is unsound, let alone that amount in monetizing. i think the relevant comparison is the recent past, which is to say the manic monetizing by the foreign CBs this past year--monetizing about 3 times the Fed's one-week performance, over AN ENTIRE YEAR. as CI and Grant have mentioned, the Asian CBs have been doing the Fed's work for them. so if they (ACBs) step aside, it would seem the Fed's monetizations could start approaching 5-6 billion a WEEK.