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Scoop from TraderWise

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5 Up Down

Gaming Imaginary Money

http://feedproxy.google.com –

Tuesday the Fed auctioned off another $37 billion in 4-week T-bills. My first thought was that this is reminiscent of “payday loans” shops, except the rate of interest is far lower when the question is, “Buddy, can you spare $37 Bil’ until next month?” but the mechanics were very interesting again and echoed what happened in January.

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