The Fed did a big drain on Friday as they fought to keep the Fed Funds rate near the 5.25 target. The added $2 billion in 3 day repos against $8.25 billion in expirations. On the week the Fed drained $3.5 billion. So much for the big liquidity adds the mainstream media has been touting as they continue to get the story completely wrong. 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.
