Radio Free Wall Street 3/31/09
Lee Adler and Russ Winter discuss whether the Fed’s monetization will spur inflation. The answers could surprise you. Russ and Lee give their views on how to play the market in view of current Fed and Government actions.
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CMB settlement date is Thursday, April 9 (next week).
http://www.treasurydirect.gov/instit/annceresult/press/preanre/2009/A_20090330_2.pdf
With the amount of funds the Treasury has to raise, the real surprise will be if the Fed only prints $300B. I think Russ is right on this, irrespective the MBS sourcing… Just too much money has to be raised…. too much.