“Let’s recap: You were wrong about their announcement of interest rate targets, wrong about their release of info about purchases and sales and finally, wrong about how they buy bonds. I’m noticing a pattern here.”
I didn’t say that they didn’t announce interest rate targets. I didn’t say that they didn’t release info about purchases and sales and finally choosing when is basically like choosing who because different banks at different times have different needs.
“More proof you don’t understand how they buy bonds from primary dealers. “
Explain in detail how what I said is wrong then.
“So we’ve gone from they don’t give any info to they don’t give all info. I guess that’s an improvement.”
I’m talking about categories of information. Just because they purport to give everything that is relevant does not mean that they actually do.
Once again you put forth the ridiculous notion that a satisfactory method of audit is to ask people nicely for information and if they don’t want to give that information just assume you are better off not knowing.
You said, "Nothing about monetary policy or market operations is available"
Rate targets is about monetary policy. Purchase and sale info is about market operations.
Explain in detail how what I said is wrong then.
You said, "Choosing who to buy bonds from based on how that person is related to them"
Are you under the impression that a Primary Dealer that makes a better offer when the FOMC wants to buy bonds will be passed over for a different Primary Dealer, "based on how that person is related to them"?
I guess you don't know how auctions work?
I’m talking about categories of information.
You said, categorically that no info was available. You were obviously wrong.
Just because they purport to give everything that is relevant does not mean that they actually do.
Just because you mistakenly purport they give nothing, doesn't mean you're right.
Once again you put forth the ridiculous notion that a satisfactory method of audit is to ask people nicely for information
Ask nicely? They give everything they are required to give, by an Act of Congress. You should read a book or something. A real one, not a conspiracy screed. I'm making progress, but at this rate, it could be years before you unlearn all your bad info.