Posts Tagged ‘ Circle Jerk ’

The Great Circle Jerk- Professional Edition Fed Report

By
November 20, 2008

The Fed released its H41 balance sheet report tonight, and there was nothing new. It’s all bad. The Fed has engaged the market in a circle jerk, sucking funds in from the banking system by paying interest on reserves only to lend those funds out to the system via the alphabet soup programs. But...
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