Yesterday the supreme absurdity of having the Fed buy 10 year Bonds two hours before
the Treasury sold 10 year bonds (which obviously priced at terrific terms as
there was a $4 billion hole created courtesy of the Fed if only for 2 hours).
Today, the lunacy continues. The Fed has just bought $2 billion
in 30 year bonds just two hours before the Treasury
sells $13 billion in 30 year paper. The
ponzi has become so glaring they don't even care to hide it any longer.
Retired CEO of CHIPPEWA PARTNERS, Native American Advisors, Inc., now CEO of the Parisian Family Office. A White Earth Chippewa, Dean helped Native Americans for decades. Raised conservative, began Wall Street career in 1982, met game changer William O'Neil in 1984. In a world on a dopamine, hypomanic binge, this is his take on financial chicanery, political crime and life well lived at their Ghost Ranch in MT or Pamelot, the Parisian's TN farm.
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