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


To: jimmg who wrote (76486)12/22/2006 9:49:54 PM
From: bart13  Respond to of 110194
 

where do you get the $900 billion in current repos?

do you have the chart going further back in time to see the last bear market?


The $900 billion is both temp and permanent repos. Temp used to come from H6 and since March comes from multiple lines in H8. Permanent comes from the POMO page, and all the historical data came from one of the Fed's ftp sites.

I didn't have other than a sloppy chart I use internally, but just built a new one that goes all the way back to 1980. Please do take into account that I'm in no way asserting that repos are the be-all and end-all... but they are a major Fed tool.
You can actually see the significant drop in 1987 before the crash - the uptrend line broke in late August.
Excel is brain dead on log charts, I do know the Dow scale should be log based.



(edit/add - yes I do know that what I'm calling temp repos are not TOMOs but they are hot money and "liquidity"... and it works)