Intermediate cycle projections rose to new levels. Here are the new targets and trading tactics.
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 Fed is taking up all new Treasury issuance, dollar for dollar. Must be a coincidence.
7 of the 8 mining picks are gainers so far. One got stopped out. I’ve raised trailing stops on the others. There’s a key level…
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.
The US Treasury daily tax data showed weak revenue and soaring outlays in October. The deficit is soaring, but the Fed is monetizing every penny…
It is definitely not good news. Technical Trader subscribers, click here to download the report. 90 Days Risk Free If You Join Now! Try Lee…
If the Fed wants money rates to drop and stay down by another quarter point, it will need to imagineer even more money.
While the metal languishes, the charts of the miners show promise.
The Fed keeps imagineering money into existence, right on schedule. But t’ain’t buying what it used ta.