The PBoC did a nice job of stopping a worldwide crash this morning. It pumped a gazillion yuan into their banking system and bankers instantly found a way to get it out of the country to bolster foreign markets.
At home, not so much.
Here I was in Zadar, Croatia enjoying myself, while there was a little matter of a Fed Meeting Statement, and Chairman Jerry’s Dog and Pony show.
Wall Street was waiting with bated breath, that’s right, bated, but I had taken an afternoon stroll around the harbor, on the lookout for baited hooks. Just like walking on Wall Street. You gotta be on the lookout for baited hooks.
Thank the Fed’s Not QE program, and light Treasury supply! Supply and demand conditions for stocks and bonds have been as good as it gets. That’s about to change.
Lindsay Williams Asks Lee Adler what to expect now that the long term technical target that Lee pointed out years ago has been reached. Content…
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…