Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
The battle to claw back a significant percentage of the $50 trillion is just beginning.
September 17 – Wall Street Journal (Greg Ip): “Can words take the place of actions? The Federal Reserve hopes so. On Wednesday it issued a policy statement promising to get inflation above 2%. In their accompanying projections, officials indicated that…
Updating charts for the U.S. and EU27:Deaths per capita: the U.S. has overtaken the EU27 since May 18, and the trend for the U.S. continues to be worse than that for the EU27.EU27 death rate per capita has effectively flattened-out at around 303-…
Those who don’t see the fragmentation, the scarcities and the battlelines being drawn will be surprised by the acceleration of the unraveling.
The vast majority of Americans want to keep current Covid-19 restrictions in place moving forward according to a Hill-HarrisX poll published on Thursday. The poll of 3,758 registered U.S. voters found that 45 percent of respondents want to keep current…
A new survey has uncovered shocking levels of unawareness among young U.S. adults about the Holocaust. The research was carried out by the Conference on Jewish Material Claims Against Germany and it focused on millennial and Gen Z adults aged between 1…
As long time readers know I’m a big fan of $VIX technical structures and compression patterns. Often dismissed as non chartable I think we’ve successfully to put that argument to bed a […]
This is why inflation will rip everyone’s faces off: production will continue to stagnate no matter how many trillions the Federal Reserve prints and throws around.This is how market capitalism is supposed to work: consumers decide…
A $13.6 billion TIPS issue. Here’s how it went.