Correction on SOMA

Because every once in a while wise guys writing about the markets are going to have a brain glitch and be flat out wrong on something at some point; and they need to write about it just as they do the smart things they may have to say. This was just dumb.

A subscriber reminds me that the SOMA are actually maturing bonds, not bond sales. I could say I’ve stretched myself thin, made assumptions and rushed things. But really all I can say is I just screwed up. Thank you Frank for shining a light on this.

fed soma