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.
Fed QE: $2.100B Coupon Purchase 2020-06-03 NY Fed treasury securities operations
Updating my charts comparing EU27 to U.S. experiences in the pandemic:
Updating through June 2, 2020 ECDC data:Daily counts are accelerating on-trend with no trend inversion and close to historical peaks:Death counts are lagging daily counts, but persistent decline in counts over the previous weeks has now been arrested:W…
Time may not heal all wounds, after all. One thing it does do is clarify. There was a time not all that long ago when 20 million sounded absolutely enormous. How quaint today. At the end of March, initial jobless claims in the US were surpassing that unthinkable level leaving everyone to hope it wouldn’t […]
Trump and Murdoch did this. They have what they’ve wanted now.
Martial law is next. Chaos is and always has been the goal, the pretext to install permanent Trump Regime rule.
The only institution that could save America from Trump now is …
The fact that self-serving cover stories are now the norm is making it difficult to love our servitude with the slavish devotion demanded of us.
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.
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.
McKinsey research note on European banks’ potential losses due to COVID19 is quite on the money:With more than 1/3rd of European executives expecting “a muted recovery that would lead to sharp drops in banks’ revenue, a squeeze on their capital, and a …