The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem. Today, I got a…
Fed Not QE has as much to do with a plumbing issue as a plumber’s crack has to do with an overflowing septic tank.
Here’s an update of “It’s So Not QE,” brought to you by the good folks at the Federal Reserve, providing welfare programs for crooked bankers…
Let’s look at a few of Chairman Pow’s words at yesterday’s press conference. Please read them and tell me whether this sounds to you like…
Not QE is ramping up.
From Porto, Portugal, I want to wish Happy Thanksgiving to all my friends back home in the USA. I am thankful to be here in…
Yes, the Fed keeps monetizing the debt. Just look at today’s Treasury Cash Management Bill auction.
But they will gladly pay us back on Tuesday. They’ll borrow more to do it.
You may heve noticed a lack of posts since yesterday. Ijust arrived in Paris, beginning my annual European sojourn. I’ll be settling in to Bordeaux…
The Department of Welfare and Mendicant Services at the New York Fed has released the schedule of repurchase agreement (repo) Primary Dealer welfare support operations for the monthly period from November 15, 2019 through December 12, 2019. Let us give thanks.
