Lotta good that did, suckas.
Bad money after bad.
It’s not working. Show them the money, Jerry.
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.
Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero.To understand why the financial dominoes toppled by the Covid-19 pandemic lead to global insolvency, let’s start with a household examp…
The only thing new in the Fed statement below was the $200 billion in MBS purchases.
We just witnessed a global collapse in asset prices the likes we haven’t seen before. Not even in 2008 or 2000. All these prior beginnings of bear markets happened over time, relatively […]
It was as if global markets pulled elements from the 1994 bond market dislocation, 1997’s Asian Bubble collapses, the 1998 Russian/LTCM fiasco, and the 2008 market crash – and synthesized them for a week of ridiculous market instability and dysfunction…
Why is anyone surprised Christine Lagarde stepped in it? This is who she is, who she has been her entire career. The woman is a walking disaster, screwing up from one place only to be promoted into the next. Her Argentina debacle was merely the latest – before yesterday. In case you were distracted by […]