Liquidity from heaven

The Fed pumped in another $7 billion today.  That's $71 billion since last Thursday if you're keeping score at home.

It was the late Senator Everett Dirksen who said, in a different context, "A billion here, a billion there, soon you're talking real money."

Well not real money.  This is real money to protect yourself against the Fed's machinations.

The Daily Reckoning