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The Fed’s Paint-By-The Numbers Money Printing Is A Fraud
Started by
gm_general
, Apr 23 2014 06:19 PM
1 reply to this topic
#1
Posted 23 April 2014 - 06:19 PM
#2
Posted 23 April 2014 - 07:56 PM
The title is misleading. The subject is the unemployment claims reports by the Census. In the last year, they've excluded states that they've claimed were offline.
If you're worried about the QE schedule from the Fed, it's probably more relevant to look at settlements of the purchases, of which about 70% of the month's total purchase amount usually close during the 3rd week of the month. The other extraordinary impact comes from the federal income tax receipts for April, of which 65 billion dollars was used to pay down debt on 4/17. It's roughly equivalent to one month of the Fed's purchases.