The stock market rallied late last week, using up a big portion of the $83 billion that the Fed and Treasury pumped into dealer and investor accounts in recent weeks. Foreign central banks have been dumping their holdings. US commercial banks and Primary Dealers have provided most of the buying. Not only will they and…
The post Foreign Central Banks Have Left The Building, Leaving Primary Dealers To Blow Up The System Again was originally published at The Wall Street Examiner. Follow the money!