SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ahhaha who wrote (45454)11/14/2005 2:25:36 PM
From: russwinter  Read Replies (1) | Respond to of 110194
 
This is an important discussion, and glad you're chiming in, although I'm not too clear what your debating points with me are either? Further, I have already laid the groundwork for this diligently over the course of the year, and as much as I love lively debate, I'm simply not starting all over from step 1, strictly to accomodate you. You might want to just scan through some of my previous posts where I develop this, if it's something you wish to pursue? Maybe for starters we can focus on the role of FCBs in pricing fixing debt securities and controlling US monetary policy, as opposed to jumping around, that will save everybody's breath? Even Mish would take your side on that one.



To: ahhaha who wrote (45454)11/15/2005 9:20:35 AM
From: Wyätt Gwyön  Read Replies (2) | Respond to of 110194
 
russ: FCBs are having twice the impact of the Fed, and thus are setting US monetary policy.

ahhaha: Ridiculous. What evidence do you have of this?


he is presumably referring to FCB holdings of Treasurys and agencies, which are twice as large as the Fed's own Net Securities Held.