The latest budget and liquidity data suggest a generally stable backdrop, yet several underlying indicators point to potential early-stage warnings that merit close attention.
The latest budget and liquidity data suggest a generally stable backdrop, yet several underlying indicators point to potential early-stage warnings that merit close attention.
The U.S. financial system is locked in a high-stakes feedback loop where massive Treasury debt issuance is driving stock prices to historic extremes. Fueled by a trillions sized leverage trap in the repo market, this “perpetual motion machine” of asset…
The U.S. financial system is locked in a high-stakes feedback loop where massive Treasury debt issuance is driving stock prices to historic extremes. Fueled by a trillions sized leverage trap in the repo market, this “perpetual motion machine” of asset…
Liquidity remains adequate, but historically stretched. Markets are still functioning smoothly, but the system is increasingly fragile because asset prices are being levitated by financial debt-driven money creation resulting in never-before-seen pric…
The latest budget and liquidity data suggest a generally stable backdrop, yet several underlying indicators point to potential early-stage warnings that merit close attention.
Good morning and Happy Holidays! I want to wish you and your family a Merry Christmas, Happy New Year, and Happy Holidays for whatever you…
Liquidity remains adequate, but historically stretched. Markets are still functioning smoothly, but the system is increasingly fragile because asset prices are being levitated by financial debt-driven money creation resulting in never-before-seen pric…
The Fed announced it will buy $40 billion per month in T-bills under something it calls “reserve management purchases.”
This is QE in function and effect. The reserve requirement is zero; therefore “reserves” is a deliberate misnomer and obfuscation. T…
The latest budget and liquidity data suggest a generally stable backdrop, yet several underlying indicators point to potential early-stage warnings that merit close attention.