Menu Close

Open Market Operations, Interest Rates, and Gold

I have been reading many claims in many places lately that “The Fed is pumping M3″. Others claim that Fed Open Market Operations (repos and coupon passes) are purposely being used by the Fed to fuel the stock market. Others still point to manipulation in gold. This post attempts to look at those claims.
Let’s start with An Examination of Interest Rate Targeting, a 108 page PDF study of Open Market Operations in Australia by Liam J. O’Hara. The study was specific to Australia but it applies equally to the FOMC. Don’t worry, I condensed the highlights down to a single […]

By Michael Shedlock

Join the conversation and have a little fun at If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Follow by Email

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading