TRES FAUX MORNING REPORT 7/25/12

Vital Statistics:
Last Change Percent
S&P Futures
1,338.43
+0.12
0.01%
Eurostoxx Index
2,164.28
+12.74
0.59%
Oil (WTI) 88.51 0.01 0.01%
LIBOR – 3 mo 0.45
US Dollar Index (DXY) 83.67 0.09 0.0%
10 Year Govt Bond Yield
     1.40 -.05%

http://www.ft.com/intl/cms/s/0/72845f10-d4d2-11e1-bb88-00144feabdc0.html#axzz21e1DVBYn

I like Mallaby.  However, I am dubious about this scheme, which is rumored to be a possibility come the 8-1-12 FRB meeting.  The notion that pumping more cash and cash equivalents into the banking system will stimulate Main Street, yet again, seems incorrect to me.

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