"When you say the Fed is openly intervening in the markets, are you referring to the currency and credit markets or the stock markets?"
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Richard Palm....
All of the above to an extent, but I am primarily concerned with the equities markets. They are only interested in keeping an orderly rate of decline in the $USD because a rout would likely spread to the equities, and the bonds are pretty much taking care of themselves based on promises by Greenspan and Bernanke to intervene there by monetizing the debt whenever necessary.
mlsoft
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