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.
Liquidity Trader
Technical Trader
Technical Trader
Stock Market Short Term Top But Not The End
by Lee Adler • • 0 Comments
Intermediate cycle projections rose to new levels. Here are the new targets and trading tactics.
Gold Mining Stocks Trader
Gold and Mining Stocks Trader
Gold Looks Green and Not in a Good Way
by Lee Adler • • 0 Comments
The gold charts look like they’re feeling a little sick.
Lee's Free Thinking
Federal Reserve QE New, Lee's Free Thinking
NY Department of Welfare Announces Increased Subsidies for Primary Dealers, Thank God!
by Lee Adler • • 0 Comments
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.
Federal Reserve QE New, Lee's Free Thinking
Today’s Fed QE, TOMO, and POMO AKA QE New
by Lee Adler • • 0 Comments
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.
Federal Reserve QE New, Lee's Free Thinking
US Treasury Defecates – Held In The Bowels of The Fed
by Lee Adler • • 0 Comments
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.
Federal Reserve QE New, Lee's Free Thinking
Today’s Fed POMO TOMO FOMC Alphabet Soup Unspin
by Lee Adler • • 0 Comments
If the Fed wants money rates to drop and stay down by another quarter point, it will need to imagineer even more money.
Federal Reserve QE New, Lee's Free Thinking
Fed POMO Today – $7.501B Bill Purchase 2019-10-29
by Lee Adler • • 0 Comments
The Fed keeps imagineering money into existence, right on schedule. But t’ain’t buying what it used ta.
News and Opinion
Must Read
Fibonacci Fiddlings
by Tim Knight • • 0 Comments
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.
Must Read
Here’s Why China Is Heading Toward Inevitable Crisis
by Doug Noland • • 0 Comments
Chinese Credit is heading toward an inevitable crisis of confidence – with or without a trade pact. China’s Bubbles have inflated dangerously
Must Read
How Profitable is Alt tuchis?
by Tim Knight • • 0 Comments
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.
Must Read
Medicare-for-All "Socialism" Is Just Another Racket Says Charles Hugh Smith
by Charles Hugh Smith • • 1 Comment
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…
NY Fed Operations
US: $7.501B BillPurchase 2019-11-15 NYFed treasury securities operations
by NY Fed | Treasury Securities Operations • • 0 Comments
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.
