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The Fed Buys Last Week's Treasury Notes

Thursday, August 6, 2009, 11:21 AM
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In concert with the claims I made in the prior post, The Fed bought $7 billion in Treasuries today and even more yesterday.

This is at the upper end of their recent range of already exceptional purchasing activity.

If things are so rosy that every single dip is being bought in the stock market with a vengeance, I wonder why these printing operations are really necessary?

 

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