Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Short term cycles look to be headed for a breather. But don’t expect much downside. The 13 week cycle has an updated projection.
bond prices will head lower. That could set off a firestorm in not only Primary Dealer inventories, but bank long term bond portfolios as well.
A couple of weeks ago the 10 year Treasury note yield rose 16 basis points in the course of 5 trading days. That move was driven by near term inflation fears as I discussed last week. Long term inflation expectations were and are well behaved. I wrote nearly 2000 words last week about that change […]
The line of dominoes that is already toppling extends around the entire global economy and financial system. Plan accordingly.
I cannot imagine any other time in the history of this country where people felt so confident, so placid, and so assured about their investments. And why wouldn’t they be? Every year, every month, every week, and every moment, it has been mad…
Speculative yield curve trades are blowing around the world, surely inflecting painful losses upon a segment of the leveraged speculating community.
How does the COVID-19 Delta variant compare with the original disease? Here are the key differences according to consolidated studies.
Poland’s plan to build a fence at its border to Belarus to deter migrants would close one of the last major gaps in Eastern European border barriers. As seen in data gathered by Deutsche Welle, the Baltic states as well as Norway and Ukraine are alread…