Hold ON! On April 5th it's going to get BUMPY!

[jtabeb]

http://market-ticker.org/archives/21...e-New-Fed.html

Advance Notice of a Meeting
under Expedited Procedures

It is anticipated that a closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, April 5, 2010, will be held under expedited procedures, as set forth in section 26lb.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th Street and C Streets, N.W., Washington, D.C. The following items of official Board business are tentatively scheduled to be considered at that meeting.
Meeting date: April 5, 2010

To Be Discussed: Review and determination by the Board of Governors of the advance and discount rates to be charged by Federal Reserve Banks.

A final announcement of matters considered under expedited procedures will be available in the Board's Freedom of Information and Public Affairs Offices and on the Board's Web site following the closed meeting.

[Mega]

Re: Hold ON! On April 5th it's going to get BUMPY!

.............and in English?
Mike

[Aetius Romulous]

Re: Hold ON! On April 5th it's going to get BUMPY!

It's hard to say if, in a world of endless meetings, this has any significance or not. However, it is fair to say that the entire world of finance, economics, and governance is fixated on just when the Fed is going to diddle the rates. Rates that can only be diddled in one direction.

There has arisen a culture of "signaling" around this. So breathless is the anticipation, that even a change of bathroom routine by anyone significant sets off a wave of blog posts and headlines. In this context, I believe that announcement is significant. No matter how funny it may be, a head fake by the Fed with an announcement like this would be just bad form.

[cobben]

Re: Hold ON! On April 5th it's going to get BUMPY!

The plot thickens . . .

Primary Dealers Net Treasury Long Positions Spike To 2010 Highs, Is There A Major Derisking Occurring In PD Portfolios?

" . . . Are PDs becoming unable to offload auction allocations? After all this is capital that the Primary Dealers would much rather use to gun the stock market than be locked up in instruments yielding virtually nothing. Alternatively, if PDs are accumulating Treasuries, could this merely be an indication that they are reallocating capital away from equities and to USTs? Furthermore, Corporate bond holdings have dropped to near 2010 lows - is there a major shift away from risk (yes, that includes stocks) occurring under the surface? . . . "

[c1ue]

Re: Hold ON! On April 5th it's going to get BUMPY!

I'm not sure what the mystery is about. The Fed has to put in its quarterly/semiannual Treasury buying program...

[RebbePete]

Re: Hold ON! On April 5th it's going to get BUMPY!

http://market-ticker.org/archives/21...e-New-Fed.html

Advance Notice of a Meeting
under Expedited Procedures

It is anticipated that a closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, April 5, 2010, will be held under expedited procedures, as set forth in section 26lb.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th Street and C Streets, N.W., Washington, D.C. The following items of official Board business are tentatively scheduled to be considered at that meeting.
Meeting date: April 5, 2010

To Be Discussed: Review and determination by the Board of Governors of the advance and discount rates to be charged by Federal Reserve Banks.

A final announcement of matters considered under expedited procedures will be available in the Board's Freedom of Information and Public Affairs Offices and on the Board's Web site following the closed meeting.

The items of concern are the expedited procedures, and that the matters discussed won't be revealed until "after" (how far "after," one wonders? A minute? A day? A year? Until all who are present are dead? :cool. This raises my suspicion that something "big" is "all blowed up" :eek: and the meeting is to figure out how to keep the lid on long enough for TPTB to go to ground.

- Pete

[D-Mack]

Re: Hold ON! On April 5th it's going to get BUMPY!

Deflation on the prowl as Bernanke shuts down his printing press

The most audacious monetary experiment in modern history ended on April Fools' Day. America must walk without crutches, on gangrenous legs.

http://www.telegraph.co.uk/finance/c...ing-press.html

oh boy.....

[lsa420]

Re: Hold ON! On April 5th it's going to get BUMPY!

oh boy.....

So according to AEP, the Fed "should" just print enough (broad) money to pay off all of our debts. That will definitely solve all of our problems.

[Sharky]

Re: Hold ON! On April 5th it's going to get BUMPY!

The meeting announcement in the OP looks almost identical to this one from last month, including the "matters to be discussed":

http://www.federalreserve.gov/boardd...dvancedexp.htm

The only difference I can see is that in the March 15 meeting, only a "portion" of the meeting was to be held under expedited procedures, whereas for the April 5 meeting, it looks like the whole meeting will be held that way.

[GRG55]

Re: Hold ON! On April 5th it's going to get BUMPY!

oh boy.....

Could be they shut the press down just long enough to change the worn out roller bearings...:rolleyes: