The media is once again publishing misleading half truths about the Fed’s actions in the market. Today, they reported that the $41 billion in repos issued was the largest Fed operation since the credit crisis began. While technically that’s true, the stories neglect to mention that there were expirations of $42.5 billion. In the end the Fed withdrew $1.5 billion from the market pool on Thursday, a far cry from the record support that the media reported. 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.
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