Last week’s Fed intervention reminded me of The Charge of the Light Brigade.
The Fed bought $72 billion in Treasuries and $41 billion in MBS from Primary Dealers today. That’s a month’s worth of old QE in a…
The Fed is paying the Primary Dealers $110 billion a day. It’s hard to wrap your head around that. It’s as much QE as they did in a month under the original QE programs from 2009 to 2014. It better work.
The Fed bought $74 billion in Treasuries and $36 billion in MBS from Primary Dealers today. That’s a month’s worth of old QE in a…
The Fed has engineered the Mother of All Bailouts. It’s even bailing out commercial real estate whores, for god’s sake. What can this possibly lead to?
The Fed bought $70 billion in Treasuries and $40 billion in MBS from Primary Dealers today. That’s a month’s worth of old QE in a…
OK, there’s a rally, but it’s not like the 2009 or 1974 bottoms.
The Fed scheduled $123 billion per day in Treasury and MBS purchases this week. That’s a month’s worth of old QE per day. What about unintended consequences?
OK, so I’m worried about the potential for hyperinflation. Meanwhile, here’s how today’s charts look. Going up?
Hyperinflation is coming.