Today’s Fed POMO was small, but TOMO went through the roof.
Lee’s Free Thinking
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Federal Reserve QE New, Lee's Free Thinking
Federal Reserve Repo Man – No Rant Today, Just the Facts and Meyer Lansky
by Lee Adler • • 0 Comments
It’s the same old “rescue the dealers and bankers, enrich the hedgies, and screw the little guy,” all the time.
Federal Reserve QE New, Lee's Free Thinking
Fed Expands De Facto Standing Repo Facility
by Lee Adler • • 0 Comments
The Fed is expanding its de facto Standing Repo Facility.
Notice the words, “at least.”
Nothing to see here. Move along.
Federal Reserve QE New, Lee's Free Thinking
Repo Market Bank Regulations and the Slings And Arrows of Outrageous Leverage
by Lee Adler • • 0 Comments
Are bank regulations really behind the repo market problems? That’s what bankers and their hired mouthpieces are saying. But it’s absolute BS, of course. Here’s the real issue.
Federal Reserve QE New, Lee's Free Thinking
Fed Repos Drop But POMO Purchases Keep Climbing As the Financing Crisis Continues To Worsen
by Lee Adler • • 0 Comments
Fed repos were down on Friday, but we are not out of the woods yet. Not by a long shot. Here’s why. And why it’s scary.
Federal Reserve QE New, Lee's Free Thinking
Fed Repos Outstanding (TOMO) Hit New Record Despite POMO – Prepare to Be Disgusted
by Lee Adler • • 0 Comments
Fed repos outstanding from Temporary Open Market Operations (TOMO) hit a new record on Thursday, October 17. That, in just over a month since the program started, to fix a money market problem that was supposed to be a “one-off.”
One-off my ass.
Federal Reserve QE New, Lee's Free Thinking
Fed Open Market Operations Today- October 16 -A Sordid Tale of POMO and TOMO QE New
by Lee Adler • • 0 Comments
The Fed started POMO today. But TOMO went up too. Stresses continue to build.
Federal Reserve QE New, Lee's Free Thinking
Why The Fed Had to Do QE, and Why It May Not Work This Time
by Lee Adler • • 0 Comments
LIndsay Williams interviews Lee on Strictly Business. Recorded Tuesday, October 15. Click headline to hear the interview.
Federal Reserve QE New, Lee's Free Thinking
Today’s Fed Temporary Open Market Operations (TOMO) Repos, October 15, 2019, Signal a Crisis
by Lee Adler • • 0 Comments
Wall Street and the Fed tell us there’s no crisis. Come on. Get real! They don’t pump $200 billion in cash into the market in a month, with a promise to do more for months to come, unless there’s a crisis.
Federal Reserve QE New, Lee's Free Thinking
Fed QE New – A Chronicle of Madness
by Lee Adler • • 0 Comments
The story of the Fed’s QE New is a day by day chronical of madness. I’ve written about it extensively even before it started. Here’s a list of those posts, with links to the full post. This archive begins with a couple of antecedents in August as the conditions flared up that led to the…
