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.
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Economic and and financial news and analysis
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Crunchtime: When Events Outrun Plan B
by Charles Hugh Smith • • 0 Comments
Not only will events outrun Plan B, they’ll also outrun Plans C and D.
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The Risen (euro)Dollar
by Jeffrey P. Snider • • 0 Comments
Back in April, while she was quietly jockeying to make sure her name was placed at the top of the list to succeed Mario Draghi at the ECB, Christine Lagarde detoured into the topic of central bank independence. At a joint press conference held with the Governor of the Reserve Bank of South Africa, Lesetja […]
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The Key
by Sven Henrich • • 0 Comments
After weeks of rallying on low volume on virtually no 2 way price discovery and relentless volatility compression the inevitable has happened: $VIX has busted out of its latest compression phase for […]
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Here’s Evidence that Recession is Around The Corner
by Anthony B Sanders •
It has been the longest bull market in modern history, enabled by massive Central Bank intervention. But…
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Optimism THIS
by Tim Knight • • 0 Comments
After two solid years of bluster, nonsense, misdirection, lies, and – – just to bring Joe Biden into the picture – – malarkey – – not one single paragraph, sentence, word, or punctuation mark of any kind of China…
NY Fed Operations
US: $7.501B BillPurchase 2019-12-03 NYFed treasury securities operations
by NY Fed | Treasury Securities Operations • • 0 Comments
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.
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Charts of a Dozen Shorts on Tim’s Radar
by Tim Knight • • 0 Comments
I’ve got a clean 60 short positions in my portfolio now, and – – should science fiction strike and the market actually go down more than a single day – – I’ve got a dozen more on my radar. Here they are, and clic…
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The ISM Isn’t An Isolated Case
by Jeffrey P. Snider • • 0 Comments
They absolutely loved the China PMI numbers, after having taken no note of Japan’s IP, dismissed Markit’s slightly higher revisions, and then totally hated the ISM’s Manufacturing PMI. That last one was supposed to join the others in moving substantially upward, contributing to widespread hopes all recession fears have been extinguished even this late into […]
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Weekend’s PMI Joy Was Spoiled Before It Ever Got Started
by Jeffrey P. Snider • • 0 Comments
The weekend began with pure joy over PMI’s before it ended in deep disappointment early Monday…over a PMI. It started in China. That country’s National Bureau of Statistics (NBS) released its November 2019 numbers for manufacturing and non-manufacturing sentiment. According to the government’s calculations, the gauge for manufacturing ticked back above 50 last month for […]
