Pointed out
to me by Sally
Fed Balance Sheet Collapses-
Professional Edition
by Lee Adler
The Fed?s balance sheet shrank
dramatically this week as banks paid off TAF loans and reduced their deposit
accounts at the Fed on which they are no longer earning any interest. When the
Fed cut the interest rate it paid on reserves I warned our subscribers that
this would be the result. I expect this to be the beginning of a trend. In
addition we saw reductions in PDCF, DW borrowings, currency swaps, repos
outstanding, and TSLF. Over $100 billion disappeared from the Fed?s balance
sheet this week.
So much for monetization. Banks
all over the world are choosing to repair and shrink their balance sheets at
the same time as the Fed is desperately trying to stimulate. But nobody wants
to borrow and nobody wants to lend. This could lead to implosion of the Fed?s
balance sheet in a massive wave of deflation in spite of its furious efforts
to the contrary.
-----Original Message-----
From:
TimeandCycles@yahoogroups.com
[mailto:TimeandCycles@yahoogroups.com] On Behalf Of SY
Henson
Sent: Saturday, January 10, 2009 9:33 AM
To:
TimeandCycles@yahoogroups.com
Subject: Re:
[TimeandCycles] moon in cancer apporaching opposition pluto
Is
that why they want the other 350 billion now?
Senior Bush administration officials are preparing to
ask lawmakers for the second half of the $700 billion financial rescue package
despite intense opposition in Congress and then have President Bush use his
veto if the request is voted down, three sources familiar with the matter
said.
The initiative, which is being coordinated with the
Obama transition team, may be taken within days, the sources said, speaking on
condition of anonymity because no announcement has been
made.
Washington Post article, quoted
here:
http://clusterstock.alleyinsider.com/2009/1/bush-im-tapping-the-second-tarp-tranche-and-theres-nothing-you-can-do-about-it
--- On Sat, 1/10/09, Ben
<profitok@xxxxxxxxxxnet> wrote:
> From: Ben
<profitok@xxxxxxxxxxnet>
> Subject: Re: [TimeandCycles] moon in cancer
apporaching opposition pluto
> To:
TimeandCycles@yahoogroups.com
> Date: Saturday, January 10, 2009, 12:40
AM
> when they are in, you see 3000 on the bid,
at
> interactivebrokers,
> we go down another 1 point and again you see 3000
bid,,
> today was perfect
> that 3000 was never on the
bid
> maybe they used the whole 500
bil
> and waiting for new gov to give
more
> Ben
> ----- Original Message -----
> From: RGray97977@xxxxcom
> To:
TimeandCycles@yahoogroups.com
> Sent: Friday, January 09, 2009 2:04
PM
> Subject: Re: [TimeandCycles] moon in
cancer apporaching
> opposition pluto
>
>
>
> I dunno............everyone
except Ian is
> bearish..................getting
oversold.....gov't is
> in the market........will they let it
crash.....I doubt it.
>
> In a message dated 1/9/2009 10:58:27
A.M. Pacific
> Standard Time, susanberglowe@yahoo.com
writes:
>
Maybe now that the market is in Cancer and
> approaching an opposition to Pluto the market
will become
> more impulsive as it was this
mornng.
>
>
>
>
>
>
Susan Berglowe
>
Jaco, Costa Rica
>
>
>
>
>
>
>
>
>
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