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.
Momentum is weak, but the market keeps plowing ahead. Here are the latest targets for this move.
Gold Mining Stocks Trader
Good morning from Bordeaux, France! Gold is setting up a nice base. That is, unless it breaks. Here’s what to look for. Subscribers, click here…
Lee's Free Thinking
But they will gladly pay us back on Tuesday. They’ll borrow more to do it.
You may heve noticed a lack of posts since yesterday. Ijust arrived in Paris, beginning my annual European sojourn. I’ll be settling in to Bordeaux this evening, here in France, or mid afternoon in the US. Regular posting will resume after that. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually…
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.
News and Opinion
The Germans managed to do it, to avoid meeting the dreaded technical definition of recession.
will religiously, and without question, respect the Gartman indicator. It is a deep personal failing that I have elected to ignore it, time and again.
The Federal Reserve says that its Treasury-bill buying program isn’t the same as quantitative easing.
The Treasury Department’s TIC for September 2019 finally arrived yesterday.
The market hit lifetime highs today, yet my all-short portfolio, God bless it, is nicely in the green. ddHere are a dozen positions I just added.