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Run Silent Run Deep – WSE Pro

The Fed cut interest rates again over the past two days, only this time they didn’t tell anybody. It also drained reserves for the 4th time in the past 5 days, taking a net of $1.25 billion out of the market on Wednesday. Meanwhile the spreads between 10 year Treasuries and Fannie and Freddie’s paper widened dramatically. That and the defacto rate cut suggests more bad news ahead. 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.

3 Comments

  1. bdb

    Lee, I hope you’ll talk about this on your next podcast in a little more detail. I read the article, but I just don’t have the background to understand how this works and how or why this smells like a defacto rate cut to you.

    Thanks.

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