POMO =Permanent open market operations. Time to buy up the markets LOL, off we go to stardom...........
And I dont believe for a minute they ever slowed down. They dont know how to do dat
From an initial $75 billion per day when the Fed announced the launch of Unlimited QE in mid-March, the US central bank first reduced its daily buying to $60 billion per day, then announced another 'taper' in its bond-buying program to $50 billion per day, which was followed by a reduction to 30 billion per day, which one month ago was again cut in half to $15 billion per day. Then, three weeks ago the Fed again slashed its daily POMO by another 33%, to $10BN per day, before cutting it to $8 billion two weeks ago, and again to $7 billion just last week. Fast forward to today when, in its latest just published schedule, the Fed unveiled that in the coming week it would purchase "only" $6BN per day, or a total of $30BN for the week.
ONLY??? LOL spend spend spend........
http://www.zerohedge.com/markets/fed-releases-its-latest-pomo-schedule-and-curious-pattern-emerging?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.