The Fed has begun recruiting banks to be counterparties in repo operations. This is an expansion of the usual relationships where only Primary Dealers can act as repo counterparties.
CUSIP: 912796F53Term and Type: 21-Day BillCMB: YesHigh Rate: 0.040%Investment Rate: 0.041%Price: $99.997667Allotted at High: 51.84%Total Tendered: $129,798,245,000Total Accepted: $45,000,277,000Auction Date: 08/31/2021Issue Date: 09/02/2021Maturity Dat…
Zoom has lost 50% of its value since last October. This is one of those stocks I dubbed ABC: Accidental Beneficiaries of Covid (of which Moderna is the king).
10 percent of the richest people in the United States own almost 70 percent of the country’s total wealth. As of Q1 of 2021, the top 10 percent held 69.8 percent of total U.S. net worth (which is the value of all assets a person holds minus all their l…
Until last night, he was getting really annoyed and frustrated with crypto.
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.
The whole space tourism thing is probably fifteen years too early. I’ve marked with an arrow when Branson did his little billionaire space visit for a few minutes. CHART
No nation can produce less of lesser quality, and squander more on infinitely greedy and corrupt elites, all funded by issuing trillions of new units of currency, and imagine that this asymmetry will never have consequences.
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.
Jerome Powell delivered his long anticipated speech at Jackson Hole last week. Well actually, I have no idea if he was actually in Jackson Hole since the speech was delivered electronically, another victim of the delta variant. The virus itself rated barely a mention in Mr. Powell’s remarks and I think that is probably as […]