Friday, March 14, 2008
The Real Story about the Bull Market
Behind the Scenes in the Beltway
by Al Martin
(3-10-08) A major meltdown in the markets was narrowly averted on Friday, March 7, when the Federal Reserve announced a doubling of its Term Auction Facility (TAF) money auction from $50 to $100 billion dollars per month (which is effectively 28 day money). In its announcement, the Fed said that the reason it was doing this was because of continuing illiquidity in the nation’s subprime markets, subprime municipal junk and junk bond market. In other words, by this action, the Fed is saying that $50 billion a month is not enough. It is not providing enough short-term liquidity to allow the financial institutions that carry inventories and make markets in these securities to do what they are in business to do -- to maintain liquid markets in these securities. This is very serious indeed.
The Truth is not Out There
The Truth Is In Here.
Secrets of an
Iran Contra Insider
by Al Martin
"Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we."
-- George W. Bush (August 5, 2004)
BIOGRAPHY: ALEXANDER S. MARTIN
* AL MARTIN is an independent political and economic analyst with 25 years of experience as a trader on NYMEX, CME, CBOT and CFTC. He is considered to be a primary source of independent analysis whose focus is on markert technicals.
After working as a broker on Wall Street, Al Martin was involved in the so-called "Iran Contra" Affair as a fundraiser for the Bush Cabal from the covert side of government a/k/a the US Shadow Government.