Fedwire
’Fedwire reports… the return of MBS purchases?
Fresh intel stolen from inside the halls of the Eccles Building (not really, but you get the point):
Federal Reserve officials are starting to build a case for a new program of buying mortgage-backed securities to boost the ailing economy,
Are we heading for a credit crunch?
Uh-oh. It may be that the Great Credit Crunch has not yet arrived. Witness this chart dug up by Sempra Metals’ John Kemp:
Apologies for the slightly poor legibility, but this illustrates the average daily volume of cash and securities transfers across Fedwire,
