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

To: stevenallen who wrote (22734)	12/2/2004 7:52:59 AM
From: russwinter	Respond to of 110194

$19.75 billion in temporaries expire today. bullandbearwise.com Fed added two huge permanents 11,232 B on 11-29, and 11,763 on 12-1, so there are record levels of "liquidity" in the system. Surely they will drain some of this off now? If so we will get a stock market correction. Would replacing $12 billion today do it? $13 billion as overextended as this thing is? Still they can't keep a lid on rates, bonds selling off again. We will get the answer to this afternoon, did foreign custody holdings drop, replaced with Fed debt monetization?