Golden Jackass Tobacco Shop

[JimWillieCB]

excellent report from that FedReserve guy, thanks from doghouse
confirms recent suspicions on massive Fed funding at regional banks
but the clarity of his explanations seems so understandable

I like how they are reducing borrowing costs nationwide
and at same time culling the weak

but the Fed is being drawn with hyperspeed into the LIQUIDITY TRAP
the Fed is slowly pulling lower from European bonds on the LONG END of bonds
that has been their desire all along, with killing the 30YR
but now we are at risk since the Fed got what it wants!!!
beware when the Fed gets its way, since it farks up everywhere

the Fed is leaving the USDollar very vulnerable
the ultimate gamble now
as Sinclair says, only a matter of time
since US fundamentals stink and getting worse
we are soon to accelerate into recession or worse
/ jim