Christopher Whalen

Repo Madness: The Rest of the Story

New York | The Federal Open Market Committee cut the target for short-term funds another quarter point last night, raising the question as to whether the central bank can actually defend the 1.75% upper bound of the new policy range. Fact is, demand for short-term funding is pulling rates higher as the year draws to a close.

China Wags the Dollar

New York | In the last issue of The Institutional Risk Analyst, “Elizabeth Warren Wants to Crash the Global Financial Markets,” we talked with Ralph Delguidice about why the spread differential between the dollar markets and other liquid offshore markets is thwarting efforts by the Federal Open Market Committee to restore liquidity in domestic money markets.