Actually there are several lines where both the bears and bulls can hang their hats, but one in particular that favors the bears. Technical Trader…
Today’s Fed POMO was small, but TOMO went through the roof.
It’s the same old “rescue the dealers and bankers, enrich the hedgies, and screw the little guy,” all the time.
The Fed is expanding its de facto Standing Repo Facility.
Notice the words, “at least.”
Nothing to see here. Move along.
Are bank regulations really behind the repo market problems? That’s what bankers and their hired mouthpieces are saying. But it’s absolute BS, of course. Here’s the real issue.
But they could come up dry if gold doesn’t do this.
It’s official. QE New has reversed 5 months of previous Fed balance sheet normalization. Here’s what the “new normal” means for your investments. It might not be what you think.
The Fed adds $235 billion to the market and that’s the best they can do? Here’s what the technicals tell us.
Fed repos were down on Friday, but we are not out of the woods yet. Not by a long shot. Here’s why. And why it’s scary.
Fed repos outstanding from Temporary Open Market Operations (TOMO) hit a new record on Thursday, October 17. That, in just over a month since the program started, to fix a money market problem that was supposed to be a “one-off.”
One-off my ass.