Economic Charts

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Tuesday, September 28, 2010

POMO and the Markets

Remember POMO is the Permanent Open Market Operations that the Fed performs to purchase and sell treasuries to primary dealers.  Primary dealers are the 18 TBTF (To Big To Fail) investment banks (also called the Plunge Protection Team).  For those of you that thought that the stock market represents the economy, please think again.  The stock market is being artificially inflated so the general public believes we are in recovery.  You have to ask yourself, if the stock market = economy then why do we need to inject another 1 to 2 Trillion dollars into it with QE2?  Here is a list of the primary dealers as of Jun 2009:


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