Federal Reserve Intervention 10-15-07
Wow! These are some eye-opening numbers….
Submitted: $20.5 billion in Treasuries, $17.45 billion in Agency notes, $39.1 billion in MBS
Accepted: $118 million in Treasuries, $8.448 billion in Agency notes, $6.184 billion in MBS
Someone is hurting BADLY out there gang…..
John, I am unsure what these numbers mean, can you elaborate?
Comment by steve — October 19, 2007 @ 11:13 pm
John,
Did you say on Steve’s show this Friday 10/19, that there should be a buying dip for PM after the next Fed rate cut? I need all the help I can get.
Thanks for your insight.
Maranatha!
Comment by Pastor Dan — October 20, 2007 @ 12:16 am