Solarbird (solarbird) wrote,
Solarbird
solarbird

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oh, apparently it's not a malfunction

I noticed that the Fed-controlled slosh seemed to be falling through the floor the last few days - from $190B to $65B since last Thursday - and I had thought the source I was using was malfunctioning, so I didn't mention it. I was wrong; it really is plunging. And those target-rate misses are real, too. That's a huge problem. The former is directly under Ben Bernanke's control; why is the Fed draining liquidity, hard, during a supposed "liquidity crisis?" Karl at Market Ticker has some ideas about that.
Tags: economics
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