tag:blogger.com,1999:blog-3758330678390419129.post5897160648455472534..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: A New Tool for BernankeRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3758330678390419129.post-57942263548957892452009-12-28T20:40:25.001-05:002009-12-28T20:40:25.001-05:00@ annonymous
The analysis is pretty interesting u...@ annonymous<br /><br />The analysis is pretty interesting until the very end when he charges that the Fed has been some kind of phantom buyerwithout proof.<br /><br />I see a lot ofgovernmant stats with fudge factors, that's what this appears to me.<br /><br />Bottom line: Money is in the money supplyor it is not. I see no evidence this supposed purchases are in the money supply.Robert Wenzelhttps://www.blogger.com/profile/12653378186315529211noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-6295935781156135762009-12-28T19:01:59.466-05:002009-12-28T19:01:59.466-05:00RW,
what say you to Sprott's supposition that ...RW,<br />what say you to Sprott's supposition that the Fed has hidden +half-trill QEing over the past yr? <br /><br />see link<br /><br />http://www.zerohedge.com/sites/default/files/Sprott%20December.pdfAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-24345989370019653962009-12-28T18:14:18.118-05:002009-12-28T18:14:18.118-05:00The Fed already overpays to get the excess reserve...The Fed already overpays to get the excess reserves it already has by paying 25 bps. What do you think they'll have to offer to offset the incumbent duration risk for longer terms? Auctioning is fine, but what if banks demand 2% for a one-year term (or shorter, for that matter)?<br /><br />This does not drain reserves from the system! This is only a delaying tactic. After all this talk, Mike in Alaskahttps://www.blogger.com/profile/07138597511503404254noreply@blogger.com