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The Federal Reserve raised the interest rate it charges on short-term loans to banks

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  • Fri, Feb 19, 2010 - 05:29am

    #1

    propamanda

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    The Federal Reserve raised the interest rate it charges on short-term loans to banks

 

Thursday – the Federal Reserve raised the interest rate it charges on short-term loans to banks:

 

 

And Mish’s follow-up

http://globaleconomicanalysis.blogspot.com/2010/02/fed-raises-discount-rate-dollar-soars.html

 

Amanda

 

  • Fri, Feb 19, 2010 - 06:57am

    #2
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: The Federal Reserve raised the interest rate it charges …

The night before an options expiration.  I wonder if the insiders had on the wrong position and needed to give the market a push?

  • Fri, Feb 19, 2010 - 01:10pm

    #3
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: The Federal Reserve raised the interest rate it charges …

Jim Sinclair, admittedly a hardcore gold bull and dollar bear, asserts that this was something of an unplanned, emergency response to recent news that China is selling US Treasurys. At the same time, I believe the yield curve had been the steepest in a very long time, if not ever. It seems the FED was running out of options here…

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