Federal revenues fell in October for the first time since February. And outlays rose, widening the deficit. The Fed raised its ante in response. Here’s what this means and what you should do about it.
Intermediate cycle projections rose to new levels. Here are the new targets and trading tactics.
Gold Mining Stocks Trader
The gold charts look like they’re feeling a little sick.
Lee's Free Thinking
The Department of Welfare and Mendicant Services at the New York Fed has released the schedule of repurchase agreement (repo) Primary Dealer welfare support operations for the monthly period from November 15, 2019 through December 12, 2019. Let us give thanks.
The Fed bought $15.7 billion in T-bills, notes, and bonds from dealers. That’s higher powered money because the Fed is actually cashing out the dealers. TOMO is just a loan to enable them to carry their fixed income inventories without having to liquidate at a loss.
And boy they took some losses last week.
The Federal budget deficit is blowing out. Federal tax revenues are growing slowly, and Federal outlays are exploding. The Fed is monetizing the debt. Here’s why this is like the Boeing 737 800 Max.
If the Fed wants money rates to drop and stay down by another quarter point, it will need to imagineer even more money.
The Fed keeps imagineering money into existence, right on schedule. But t’ain’t buying what it used ta.
News and Opinion
I’m not sure what you did on Friday night, but it was probably different than how I spent mine: looking at charts and, in particular, Fibonacci extensions.
Chinese Credit is heading toward an inevitable crisis of confidence – with or without a trade pact. China’s Bubbles have inflated dangerously
Here’s some life advice: if you’re in an industry that Altucher ever decides to create a newsletter about, you should probably get out of it.
The entire system of health needs to be re-organized from the ground up, and funding the rackets will only speed the collapse of the system.The core problem with “socialist” proposals such as Medicare-for-All is that they don’t actually fix what’s brok…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.