Fed Now Pre-Monetizing: Bernanke Buys $300 Million Of Treasury To Be Auctioned Off TomorrowThere was a time when the Fed would repurchase freshly issued bonds a month, a week, or even a day after they were auctioned off by the Treasury (to avoid that whole perjury-inducing "no monetization" stigma). That's no longer the case. Moments ago the... Continue Reading →