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


To: Rarebird who wrote (44753)11/4/2005 10:33:42 AM
From: russwinter  Respond to of 110194
 
That is certainly true, but the point I'd make this morning is that the traditional Pig Man bond rally on poor economic and jobs numbers just evaporated. Their bad is good feeding frenzy loop is now broken and that's a sea change.
rbsgc.com

I believe it's because the FCBs just aren't picking up the ball, and are on strike. The following release is far more important than the noise the cognoscenti is focusing on.
Message 21854080

FCB custodial holdings at Fed over last nine weeks, they needed about $30 billion more in heroin injections:

8-31: 1,469.8
11-2: 1.474.2