boofmcboof's definitions
Short for Permanent Open Market Operations.
The mechanism by which the Federal Reserve manipulates the stock market.
The mechanism by which the Federal Reserve manipulates the stock market.
It is no secret that the Federal Reserve, and its now semi-daily interventions in market liquidity via POMO, is rather hell bent on creating the illusion that the economy is alive and well courtesy of a ramping stock market.
by boofmcboof December 4, 2010
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