By Larry Chiang
Something nefarious is happening in the economy. The country serves Wall Street. Even housing is gonna get hosed because many are confused by how collateral works
Luke Gromen and Lyn Alden are the only analysts who have been paying attention to fed verbiage. Well, Larry Chiang too but only now…
“The Fed’s holdings of mortgage-backed securities have been accelerating lately,†Lyn Alden
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The Fed is officially committed to buying “at least” $40B of MBS per month.
Lately, they have been using the “at least” wording to buy more than that $40B. Unclear how persistent the trend is.
Few analysts I’ve seen have been mentioning this besides @LukeGromen.
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Blogged from my personal iPhone, 650-283-8008, that Steve Jobs texted me on
https://www.youtube.com/watch?v=ejeIz4EhoJ0