Condign Justice And The Fed’s Pointless New Spree Of Money Pumping

This is going from the ridiculous to the sublime. After pumping $107.3 billion of freshly manufactured cash into the bond pits yesterday (via two TOMOs and one POMO), the monetary whores of Liberty Street had the red lights on again this AM. In response to its 4th consecutive $7.5 billion POMO offer, a truly lecherous throng of […]
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