- Banc of America Securities LLC
- Barclays Capital Inc.
- BNP Paribas Securities Corp.
- Cantor Fitzgerald & Co.
- Citigroup Global Markets Inc.
- Credit Suisse Securities (USA) LLC
- Daiwa Securities America Inc.
- Deutsche Bank Securities Inc.
- Goldman, Sachs & Co.
- HSBC Securities (USA) Inc.
- J. P. Morgan Securities Inc.
- Jefferies & Company Inc.
- Mizuho Securities USA Inc.
- Morgan Stanley & Co. Incorporated
- Nomura Securities International Inc.
- RBC Capital Markets
- RBS Securities Inc.
- UBS Securities LLC
This blog attempts to educate people about how our economy works and to provide updates on what is going on in the economy that may affect them (See personal story at the bottom of the page). Neither this blog nor I are investment advisors, any opinions posted on this site are my own. Please seek a professional investment advisor to fit your personal investment goals.
Economic Charts
All economic charts are at the bottom of the page.
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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