Administrative Note
November 10th, 2009 12:37 pm | by John Jansen |I have a medical doctor appointment and it is unlikely that I will do any more blogging today.
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4 Responses to “Administrative Note”
By gerryny00 on Nov 11, 2009 | Reply
Question
Has Bernanke ever been asked if the FED has ever bought equities ( stock , index, futures etc)? Anyway of seeing the composition of the FED balance sheet?
The reason I ask, is that I think in the QE theoretical papers, BB says the FED could buy Treasuries,MBS corporate debt or even equities.
Also there seems to always an aggressive buyer when the SP is down.
By Bman on Nov 11, 2009 | Reply
semantics – if they are not doing it directly by the technical definition, they are doing it through PD’s and Investment Banks via easy-money carry trade. Treasuries on net haven’t done much since the dawn of Q/E, but look at mtgs and equities.
By gerryny00 on Nov 11, 2009 | Reply
BMAN
I partially agree. If FED is active in Equities it characterizes the market differently than just people encouraged to buy.
FED has more power, no mark to market issues.
By Bman on Nov 11, 2009 | Reply
All I know is that when the Fed says they will use any and all available tools to support…then you should not fade them. Not initially anyway.