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.
Today’s Fed QE
In the March 21 report on bank deposits I mistakenly posted an old chart from January. Here is the correct chart through March 10 on…
I got this great question from a Liquidity Trader subscriber a couple of days ago. Hi Lee, The NY FED issued this notice last Thursday.…
Global semiconductor production is split between the U.S. and Asia and continues to be a source of tensions in foreign policy powerplay.U.S. tech company Intel holds the biggest semiconductor market share, with around 15.6 percent of global sales being…
As the COVID-19 pandemic swept across the world, millions of white-collar workers and students were forced to work, learn and study primarily from home over the past twelve months. This change in work style has not only revived the previously slumping …
As we have entered the second year of the COVID-19 pandemic, there’s a growing transatlantic divide in public mood. While the finish line appears to be in sight for the United States, where a rapid vaccine rollout and falling case numbers have sparked …
The value of outstanding student loans in the United States has now reached $1.7 trillion, according to the Federal Reserve. That sum is owed by 45 million borrowers and it is the country’s second highest consumer debt category after mortgage debt. Cal…
A leaked internal survey from Goldman Sachs was circulating on social media last week and it shows how junior investment bankers at the company are facing gruelling working conditions. The results of the survey were also published by The Guardian and i…
The ES fucutures are trying to form a bottom as of 5 AM in New York. Downtrend channels remain in force, but will be challenged at 3900. The battle will be fought and decided at that level.
I will be back later this morning with a live repor…