Keeping up with the Fed
Today they'll auction 75B of Treasuries and accept certain shunned mortgage backed securities as collateral. So far the Fed has provided around 159B to investment firms .... yes, investment firms.
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So what does that do to the value of the dollar? It seems that now that we don't make things as much in this country we are selling debt in its stead. The Fed is in its toughest position in decades, a...
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