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dickseacup (< 20)

August 2009

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Blatant Monetization Uncovered

August 06, 2009 – Comments (6)

As reported over on Denninger's site:

The upshot: The Fed bought nearly half of LAST WEEK'S 7 year Treasury Issuance TODAY.

 

You can read the rest there, as I have little to add.

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