Posts Tagged ‘ Disastrous Day ’

Hank and Ben’s Excellent Short Term Gift – Professional Edition

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December 5, 2008
Hank and Ben’s Excellent Short Term Gift – Professional Edition

The market got a huge gift from the US Treasury this week in the form of a $23 billion debt paydown. That cash put a bid under stocks and exacerbated the panic into Treasuries. The Treasury faces $40 billion in CMB expirations next week, and so far, there’s no announcement that they will be...
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