The Fed’s balance sheet might inflate to $10 trillion.
A eurodollar is more about the “euro” than the more obvious monetary denomination.
After constantly running through what the FOMC gets (very) wrong, let’s give them some credit for what they got right.
It’s hard not to think sometimes that maybe the conspiracy theorists are on to something here.
The price we’re paying to keep our heads above water steepens while the pay-off is dropping off a cliff.A good friend related a story that goes directly to the heart of what’s broken in our way of life. My friend went to a reunion in Silicon Valle…
When I first got in this business oh so many years ago, my mentor told me that I shouldn’t waste my time worrying about the things everyone else was worrying about.
So the Fed Chair says the balance sheet growth will be “organic.”
And we cant call it QE4.
You know the story. When he finally gave in at the end of July, the Federal Reserve Chairman at first hinted it was a one-and-done insurance type of thing. Powell said it was nothing more than a mid-cycle adjustment, “not the beginning of a long series of rate cuts.”
Dogma said trade wars wouldn’t amount to much.
They remain just as confused as Richard Fisher once was.