The fictitious valuation of the stock market will eventually re-connect with reality in a violent decline.No, buy the tumor, sell the news ™ is not a typo: the stock market is a lethal tumor in our economy and society. Buy the rumor, …
Another day, another new Federal Reserve “bailout.” As these things go by, quickly, the details become less important. What is the central bank doing today? Does it really matter?For me, twice was enough. All the way back in 2010 I had expected other people to react as I did to QE2. If you have to […]
NY Fed treasury securities operations (POMO) $4.632B TIPS Purchase 2020-04-09
NY Fed treasury securities operations $4.632B TIPS Purchase 2020-04-09
(POMO) $6.0B Billion Purchase 2020-04-09
NYFed treasury securities operations$14.000B Coupon Purchase 2020-04-09
NYFed treasury securities operations (POMO) $3.866B Coupon Purchase 2020-04-09
Fed $3.866B Coupon Purchase 2020-04-09, NYFed treasury securities operations
(POMO) $10.000B Coupon Purchase 2020-04-09
Put another way: eras end.While the mainstream media understandably focuses on the here and now of the pandemic, some commentators are looking at the long-term consequences. Here is a small sampling:Coronavirus, synchronous failure and the gl…