The Fed looked around, saw the carnage, and drained again. It was only a $500 million drain, but considering that Monday is a bank holiday, along with all the market weakness, it is surprising. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.
Does the Fed Draining have any connection to preparing a “war chest” to goose the dollar?
My clarity is murkey on this subject…..pls comment! You are the expert!
It’s not that your clarity is murky. I try not to guess what the Fed’s motivations are. Fed speak with forked tongue.
But of course, reducing the supply of dollars at the fountainhead should theoretically support the dollar. Too early to say that’s what they’re doing. Patterns so far are pretty similar to last year.
What I do know is that the Fed is NOT doing what the mainstream media says it’s doing, i.e. pumping a lot of liquidity into the system. That’s just false.
thx Lee!