Oil is Dropping because the Fed has Slowed {Stopped?} the Presses

Inflate or die.

James Turk on Capital Account with Lauren Lyster - Yesterday.

Turk says oil is tanking because Bernanke has slowed the presses.  He's wrong.

If you examine Fed spreadsheets, you'll see they've been busy buying up MBS to the tune of $85 billion per month (just as Bernanke announced) via reinvestment and new purchases. But the transactions take time to settle so the liquidity won't "flow" until that happens. There are huge numbers of transactions with settlement dates of 11/14/12.

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