The Chinese are well past their trough, so there may be some meaningful interpretations for us to take from their data. Exercise caution…
The auto industry is in total shutdown. Here’s why it won’t recover.
“The very numbers you use in counting are more than you take them for. They are at the same time mythological entities (for the Pythagoreans…
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.
Financialization was never sustainable, and neither was the destructive globalization it enabled.All the happy-story analogies to past pandemics being mere bumps in the road miss the mark. A popular claim is that the 1918-1919 flu pandemic killed …
CUSIP: 912810SR0Term and Type: 20-Year BondReopening: No Offering Amount: 20 Billion Auction Date: 05/20/2020 Issue Date: 06/01/2020
Fed QE $5.000B Coupon Purchase 2020-05-14 NY Fed treasury securities operations
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 monetary mouse. After years of Mario Draghi claiming everything under the sun available with the help of QE and the like, Christine Lagarde came in to the job talking a much different approach. Suddenly, chastened, Europe’s central bank needed assistance. So much for “do whatever it takes.”They did it – and it didn’t take.Lagarde’s […]
The Open Market Trading Desk at the New York Fed has released the schedule of large-scale overnight and term repurchase agreement operations for the monthly period from May 14, 2020 through June 11, 2020.