When dogmas lose their grip on believers, they collapse in spectacular fashion.Karma covers a lot of ground, but it boils down to consequences: consequences not just from your actions but from your convictions, schemes, obsessions, and yes, d…
Where is it? The great bull market? Where is the imminent great bear market?
A serious globalized de-risking/deleveraging episode would require multi-Trillion expansions of Federal Reserve and global central bank balance sheets.
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.
Like so many other things that were once affordable, owning pets is increasingly pricey.One of the few joys still available to the average household is a pet. At least this is what I thought until I read 5 money-saving tips people hate, which…
In today’s POMO, the Fed bought $1.6 billion in coupons, to offset shrinkage of its MBS portfolio in the normal process of mortgage prepayments.
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.
For once there is widespread skepticism. Not about the printing press, at least not yet, but for the first time serious questions are being asked about what the Fed can and does actually do.
Lest we forget, the Fed is still doing regular small POMO to replace MBS paydowns. But as we saw this week. It’s not enough.