Hype and Hysteria- Professional Edition Fed Report

The Fed bought another load of Treasuries today, as previously scheduled, and consistent with their behavior in past weeks. Did they help the PDs absorb this week’s mountain of supply? Of course. That’s what the Fed does. It’s part of their mandate. They’ve been doing it since time immemorial, way, way before quantitative easing ever started. They even discuss it in some detail on the New York Fed website, including the fact of their daily morning meetings with the Primary Dealers to see what the dealers needs are in carrying their securities inventories. They actually publicize this. If you want to be conspiratorial, do you publish the details of how you do it on your website? 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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This entry was posted on August 6, 2009 at 11:33 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.