The Bubblemeister panicking?

[Enrique Diaz-Alvarez]

Doug Henwood wrote:
> 
> Enrique Diaz-Alvarez wrote:
> 
> >
> >http://www.briefing.com/intro/tour/bonds/glossary/ball1.htm
> >
> >has a full description of the Fed open market operations. It says that
> >coupon passes occur about eight times a year. If so, ten coupon passes
> >in less than a month is a very significant deviation from standard
> >practice, and absent any other explanation does seem to give off a whiff
> >of panic. Or am I missing something?
> 
> If they were panicking, this wouldn't be in Tuesday's Financial Times.
> 
> Doug
> 

I'll top the idiots at TheStreet and make a prediction 4 hours before
the fact. No way the Bubblemeister either raises rates or changes bias
towards tightening today. It would be schizophrenic, after printing a
year's worth of money in 3 weeks.

We'll see...
-- 
Enrique Diaz-Alvarez            Office # (607) 255 5034	
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