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Why is the Fed providing liquidity at a time of high risk, when free
markets may otherwise no longer function properly in the short term, be
worse than a branch of the government making an active decision to buy
futures. Providing liquidity allows the market to function; buying
futures favors one side of the market over the other. In my view,
buying futures is as bad as selling futures -- it means the government
is taking sides.
Ensuring the proper functioning of the market is one of the stated
functions of the financial markets is one of the purposes of the Fed.
Regards
DanG
Ira wrote:
<blockquote type="cite"
cite="">
I thought that it was aimed at
government intervention in the markets. It may not be the same as
buying futures, it is worse.
<blockquote
>
<div
>-----
Original Message -----
<div
>From:
Dan
Goncharoff
<div
>To:
<a href=""
title="realtraders@xxxxxxxxxxxxxxx">realtraders@xxxxxxxxxxxxxxx
<div
>Sent:
Tuesday, November 18, 2003 7:18 AM
<div
>Subject:
Re: [RT] Re: Fed supporting market
Providing liquidity to the markets is not the same as buying futures,
which is the charge leveled in the original message.
Regards
DanG
Ira wrote:
<blockquote type="cite"
cite="">
The fact is it did happen in
1987. The fed told the banks to give unlimited credit.
<blockquote
>
<div
>-----
Original Message -----
<div
>From:
<a href=""
title="TheGonch@xxxxxxxxxxx">Dan Goncharoff
<div
>To:
<a href=""
title="realtraders@xxxxxxxxxxxxxxx">realtraders@xxxxxxxxxxxxxxx
<div
>Sent:
Tuesday, November 18, 2003 5:21 AM
<div
>Subject:
Re: [RT] Re: Fed supporting market
Have you ever seen it claimed in a respected source? If so, I would be
interested in the reference, because I have long sought such a mention
in the established press, without success. AFAIK, it is just foolish
gossip.
Regards
DanG
BobsKC wrote:
<blockquote type="cite"
cite="">
It is commonly accepted knowledge in the business world and while I most
certainly have not personally observed the practice, I have no recall of
the White House ever denying it, either. If the market tanks, so does
Bush. Do you not believe that he has the means to prevent this?
Bob
At 02:57 PM 11/17/2003 -0800, you wrote:
This is a strong statement, variations of which I've heard
many times with no factual support. Is there any support here?
regards,
tbr
> the Fed has shown in the past how it can hold up
markets via futures purchases
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