Did The Fed Just (Surreptitiously) Bail Out Europe?

**michaelr** · 12th April 2010 01:44 PM

Did The Fed Just (Surreptitiously) Bail Out Europe?

Here is another graphic......something just happened, but I am not sure what.

i am leaning toward an EU bailout.

**william the wierd** · 12th April 2010 07:17 PM

Definitely a possibility.

**michaelr** · 12th April 2010 07:21 PM

[quote name='william the wierd' date='12 April 2010 - 06:17 PM' timestamp='1271121438' post='138936']

Definitely a possibility.

[/quote]

This is a huge "borrow"...I think we will see a difference in the markets. It is fucking stupid...a half trill....wtf??

**william the wierd** · 13th April 2010 12:51 PM

[quote name='michaelr' date='12 April 2010 - 09:21 PM' timestamp='1271121669' post='138938']

This is a huge "borrow"...I think we will see a difference in the markets. It is fucking stupid...a half trill....wtf??

[/quote]

The huge number of writedowns in CC debt, foreclosures and other consumer debt is also important. Declining savings and average checkbook balances also figure in. I'm thinking double dip.

**michaelr** · 13th April 2010 01:00 PM

[quote name='william the wierd' date='13 April 2010 - 11:51 AM' timestamp='1271184697' post='139177']

The huge number of writedowns in CC debt, foreclosures and other consumer debt is also important. Declining savings and average checkbook balances also figure in. I'm thinking double dip.

[/quote]

I don't buy the "double dip", it is a depression!

I dunno, lots of money. ....wait William, I think I found it....

The euro rose as high as $1.3628, before trading at $1.3580 as of 5:54 p.m. in London, from $1.3592 yesterday, after Greece sold Treasury bills in its first debt auction since it got the international aid pledge.

here..........

I don't think the entire 450 bill went there of course, so I will continue looking for more T-Bill sales in Europe.

Did the feds hold an "auction"?

**william the wierd** · 13th April 2010 01:05 PM

[quote name='michaelr' date='13 April 2010 - 03:00 PM' timestamp='1271185203' post='139178']

I don't buy the "double dip", it is a depression!

I dunno, lots of money. ....wait William, I think I found it....

here..........

I don't think the entire 450 bill went there of course, so I will continue looking for more T-Bill sales in Europe.

Did the feds hold an "auction"?

[/quote]

the Fed holds continuous auctions but the sucking sound you are hearing is money going into Freddie Mac and Fannie Mae to cover defaults and therefore not coming out.

**michaelr** · 13th April 2010 01:08 PM

[quote name='william the wierd' date='13 April 2010 - 12:05 PM' timestamp='1271185515' post='139181']

the Fed holds continuous auctions but the sucking sound you are hearing is money going into Freddie Mac and Fannie Mae to cover defaults and therefore not coming out.

[/quote]

Last count, 10% of the feds holdings, 5 trillion dollars, and if you looked at the graph, it is a steep climb. They claim they quit, but as values continue to decline in the housing market, I don't see that likely.

**michaelr** · 13th April 2010 03:11 PM

I have been doing some homework, I don't like what I found....

Going Long Into The Weekend? ECB Calls Emergency GC Meeting Tonight, Flashbacks To Paulson And Summer Of 2008

I think the bond market may collapse soon.

U.S. Treasury Bond Market Crash Not Stocks the Big Story of 2010

I think I know where the 450 billion went, well some of it, I think the feds also bought up Greece's t-bills.

**william the wierd** · 14th April 2010 06:03 AM

[quote name='michaelr' date='13 April 2010 - 05:11 PM' timestamp='1271193104' post='139210']

I have been doing some homework, I don't like what I found....

Going Long Into The Weekend? ECB Calls Emergency GC Meeting Tonight, Flashbacks To Paulson And Summer Of 2008

I think the bond market may collapse soon.

U.S. Treasury Bond Market Crash Not Stocks the Big Story of 2010

I think I know where the 450 billion went, well some of it, I think the feds also bought up Greece's t-bills.

[/quote]Could be on the last one even though it is illegal as hell. As to the first it's five days old and what if anything the ECB will do is up in the air.