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COF/Cattle Inventory Reports
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buford
Posted 7/21/2017 13:38 (#6140365 - in reply to #6140323)
Subject: RE: COF/Cattle Inventory Reports


Along those same lines MU : there used to be (or maybe still is) a Money supply report that would influence the TBonds and 10 yr TBills. In the middle 70s there was an allegation that the info was being leaked just prior to the report. It was disputed because they felt every precaution had been taken to prevent that. Later it was reported that the committee that put the numbers together in that room would compile their numbers and then have lunch, all in the same office building just before they released the new figures. They had an option for lunch being chicken or beef. The claim was that a certain committee member who knew how the market would react to the fresh new numbers would send a signal by way of the waiter simply by what he ordered for lunch, beef or chicken.
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