Like every Thursdays afternoon, The Fed of New York announced their balance sheet holdings. Unlike the anticipated unwind that Janet Yellen had been promising, The Fed actually INCREASED their holdings of US Treasury Notes and Bonds and increased their holdings of … Continue reading →
I attended an investors presentation last week. Having given presentations to investors in the past, I thought I knew what to expect. I was dead wrong. The presentation was one chart, M2 Money Stock
I remember when Federal Reserve Chair Janet Yellen said that inflation is just around the corner. It must be a really long street.
Yesterday, The New York Federal Reserve announced that it actually increased their $4.2 trillion balance sheet by $1 million rather than shrinking it. This comes on the heels of The Federal Reserve announcing that it provided $80.2 billion in payments
I wonder if Venezuelan President Nicolas Maduro sits in his mansion singing “Don’t Cry For Me, Venezuela.” Perhaps Gordon Lightfoot’s “The Wreck of The Edmund Fitzgerald” is more appropriate given Maduro’s assinine management of the Venezuelan economy.
The retail inferno continues, this time with retail giant Sears announcing the closure of 103 stores with 14 locations in CMBS deals
This Bloomberg News title sounds like something John Carpenter would have created, as in Escape From New York (Fed).
Real GDP growth is above 3%, unemployment rate is near 4%, and other economic indicators are flashing green. Yet, I have an unpeaceful, uneasy feeling. Chapter 11 (bankruptcy) filings are rising
It is no secret that store closings have increased, some caused by on-line shopping like Amazon, or the failed wage recovery after The Great Recession (aka, the WORSE wage recovery following a recession in recent history). Now Green Street Advisory … Continue reading →
The Federal Reserve doesn’t activley manage its interest rate exposure on its over $4 trillion balance sheet. Yet it purchases and sells Treasury Notes/Bonds and Agency Mortgage-backed Securities (AgMBS) in a measured way to impact interest rates.