Bending the Third Rail
Because We Should, We Can, We Do
Thursday, March 15, 2007
Another Day, Another Dollar
Just so you know, the Fed primed the economic pump a bit more today:
Who are we to argue with government policy? If the powers that be believe printing money like a Kinko’s on steroids will cure whatever ails the markets, so be it. The fact is that’s just what they’re doing.

Today another $20 billion [“your tax dollars at work”] gets injected to the primary dealers. That makes $57 billion in two days!
I know the plan. It's to bury anyone with thoughts of a weakening economy in paper!

Oh. And by the way, the measures of inflation came out today and were, shall we say, disappointing.

It's time to party like it's the 1970's!

Funny also. The New York stock exchange is not releasing the statistics on so-called "program trading" for the last four weeks or so.

Why?

Program trading is usually made up of the big money boys, the institutional dealers who get free government money receive the repo loans from the Fed and Treasury. Given the huge infusion of cash into the system lately, we should see an enormous increase in the amount of program trading. That is, we would see it if the NYSE were to release the information.

Gee. Wonder why they might be reluctant to release it?
Written at 3:46 PM by Greyhair.
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