Helicopter Ben Lives Up to His Name, Finally- WSE Pro

The Fed did a big add to the liquidity pool on Tuesday, pumping in a net of $14 billion via $15 billion in 28 day 1 day forward repos, $9 billion in 7 day and $4.5 billion in overnight repos against $14.5 billion in expirations. That sent the 5 day net rocketing to an add of $15.25 billion. Depending on how you look at it, with all the activity yesterday and today the Fed is either taking decisive action in the face of crisis, or panicking in the face of crisis. It’s probably both. Whether these actions have any net long term benefit, I have my doubts. They have obviously triggered a huge rally today. 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.

This entry was posted on March 11, 2008 at 4:18 pm and is filed under Money and The Fed, Professional Edition. You can follow any responses to this entry through the RSS 2.0 feed.