Posted by marketguy on 6th of Oct 2010 at 10:44 pm
c'mon, really loveit? this post isn't about "fighting the
Fed" it's about the Fed becoming the "2nd" largest holder of our
debt (using our own tax dollars in order to do that in a misguided
attempt to revive an economy that is not able to stand on its
own).
the old adage of not fighting the Fed was about them raising or
lowering the Fed funds rate (which has become a non issue for
almost 2 years now) not this BS POMO purchase plan
that will soon allow them to overtake China and become the number
"1" holder of our debt.
Do you really not see a problem with that?
POMO and the stock market are irrelevant in this discussion it's
the mere fact that due to their actions whether you are a bull or
bear this will end in tears in time....
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c'mon, really loveit? this post
I don't care....
Posted by marketguy on 6th of Oct 2010 at 10:44 pm
c'mon, really loveit? this post isn't about "fighting the Fed" it's about the Fed becoming the "2nd" largest holder of our debt (using our own tax dollars in order to do that in a misguided attempt to revive an economy that is not able to stand on its own).
the old adage of not fighting the Fed was about them raising or lowering the Fed funds rate (which has become a non issue for almost 2 years now) not this BS POMO purchase plan that will soon allow them to overtake China and become the number "1" holder of our debt.
Do you really not see a problem with that?
POMO and the stock market are irrelevant in this discussion it's the mere fact that due to their actions whether you are a bull or bear this will end in tears in time....