Read It and Weep- Professional Edition

The Fed’s balance sheet made a giant sucking sound this week as the Fed added little in the way of new securities holdings and alphabet soup programs continued to contract. This week that contraction was huge. The Fed’s shrinking balance sheet was mimicked by the stock market, as Ben’s Pawn and Loan put the Primary Dealers on a reduced allowance. The timing could not have been worse, with the Treasury clubbing the market with a big wad of supply. 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.

Tags: Alphabet Soup, Balance Sheet, Contraction, Giant Sucking Sound, Pawn, Pdf Format, Professional Edition, Risk Free, Stock Market, Subscribers, Thirty Days, Treasury, Wad

This entry was posted on October 30, 2009 at 8:05 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.