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Fed Still Draining, Plus Taffy Double Whammy- WSE Pro

The Fed returned to draining cash from the system on Thursday after a couple of days of adds. The 4 week net drain is now $29 billion including the TAF adds, but the impact is even worse than that because the TAFs divert cash away from the ones who need it most to prop their trading accounts and the markets, the Primary Dealers. Yeah, those guys, the ones lying in the Street, bleeding out. 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.

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