The Fed has ended its balance sheet bloodletting. QT is kaput. No more “normalization.” Now abnormal is the norm. But while the Fed will no…
The game is over. The massive liquidity inflows from the US Treasury into dealer accounts that has fueled the stock and bond rallies since March…
Total tax collections rose in July, as did most components, including withholding. If the economy is materially weakening, it’s not showing up in real time…
The Treasury paydown game has ended. A deluge of supply isAnd buyers are panicking into bonds, a move that will live in infamy.
The debt ceiling deal is done. It only remains for the House and Senate to pass the deals and send it to the White House…
Yesterday, I posted this report with the intro from the June report. This version corrects that error. I apologize for the confusion! Click here to…
With the lifting of the debt ceiling the market’s tailwind is about to change direction. A gale force wind will blow the other way. Click…
They kicked the can into July, but it was there for all to see. Here’s what it means for your investment strategy. Subscribers, click here…
Loan growth is red hot. And it’s all based on speculation. But lenders act as if there’s no risk in all these new loans. Here’s…
The joke is on Wall Street, investors, and yes, the Fed itself. But you will be prepared to take advantage because you read this report.…
