Over time, rebounds post-pandemics tend to fully offset short run negative impacts.
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.
I actually wanted to focus on this yesterday but confirmation wasn’t forthcoming until today. So, it ended up being a broader note on the dollar which only included some mention of Brazil in passing. Still a worthwhile couple of minutes. There were rumors that Banco (central) do Brasil was intervening or was going to intervene […]
I just saw this jaw dropping chart of Greek bonds.
When the stampede tumbles off the cliff, buyers vanish and markets go bidless.
The Federal Reserve and U.S. Treasury did not intervene in foreign exchange markets during the October – December 2019 quarter, BUT GET THIS!
I have a special affection for my best-performing shorts,
Another overnight coronavirus related scare as China had to greatly up its estimates of the infected, yet no worries, the market remains as much on autopilot as the Fed remains in denial […]
Oh we have trouble in River City (or Wall Street). The Overnight Indexed Swaps curve remaines inverted.
This is probably the last place you’d expect to find long ideas, but