Submitted by Tyler Durden on 07/29/2011 - 13:08
From RBS' O'Donnell:
* NY Fed Meeting Over
* No Contingency Plan For Aug 2 Discussed
* No Decision On Next Week Treasury Auctions
* Talks Focused On 'Market Conditions'
* Primary dealers at NY Fed agreed Congress should act quickly to raise debt ceiling
Translation: Tiny Tim has absolutely no idea what he will do on Wednesday, aside from telling CTRL P-dawg to sell the gold-painted Tungsten in Fort Knox of course. At $460/ounce MTU that's not bad good: still about $100 billion $341 million based on today's market prices. Or something. In retrospect, maybe not the best idea.
* Tweet!
* Comments: 126
* New Comments:
* Reads: 4,386
http://www.zerohedge.com/news/feds-emergency-meeting-primary-dealers-ends

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.