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Whopper On The Way – WSE Pro

The Fed pulled $1 billion out of the liquidity pool on Friday. It added $6.5 billion in weekend repos against expirations of $7.5 billion. This week’s Treasury cash call of $14 billion followed last week’s first installment of $18 billion of an estimated $160 billion in net borrowing through early April. The quarterly refunding raised around $3 billion in new cash to settle next week, with the 13 week and 26 week bills to raise a net of only $1 billion. That means the 4 week bill auction should be a whopper. We’ve seen the announcement of a big 4 week bill auction unsettle the market in the past. Click here to download complete report in pdf format (Professional Edition Subscribers).

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, and was lead analyst for Sure Money Investor, of blessed memory. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both sales, analytical, and trading capacities. Prior to starting the Wall Street Examiner I was a commercial real estate appraiser in Florida for 15 years. I was considered an expert in the analysis of failed properties that ended up in the hands of bank REO divisions, the FDIC, and the RTC. Remember those guys? I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. I'm not some Ivory Tower academic, Wall Street guy. My perspective comes from having my boots on the ground and in the trenches, as a real estate broker, mortgage broker, trader, account rep, and analyst. I've watched most of the games these Wall Street wiseguys play from right up close. I know the drill from my 55 years of paying attention. And I'm happy to share that experience with you, right here. 

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