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.
I’ve been getting that question a lot these days. How high can rates go? It is asked in a way that seems to imply that the answer is obvious – not much. Why? The answer is almost always the same; the Fed can’t and won’t let rates go up. If they did it would kill […]
Those looking up from their “free fish!” frolicking will see the tsunami too late to save themselves.
The all important 6 month and 10-12 month cycles are coming into the idealized time window for a low. Whether last week was it is…
Zero chance of the Fed moving to tighten financial conditions in the event of inflation gaining a serious foothold. By that point, bond markets would surely already be in a state of disarray. The FOMC wouldn’t dare tighten.
The over-indebted, overcapacity global economy an only generate speculative asset bubbles that will implode, destroying the latest round of phantom collateral.
The jobs report surprised to the upside. Everybody except us, that is. I had warned back in early February that the real time withholding tax…
Over the past few years, streaming services such as Spotify and Apple Music have revolutionized the way we listen to music. According to recent figures published by the Recording Industry Association of America (RIAA), streaming, both ad-supported and …
Thanks to continuing growth in streaming subscriptions, music industry revenues in the United States grew by 9 percent in 2020. According to the Recording Industry Association of America’s (RIAA) latest Year-End Music Industry Revenue report, 2020 mark…
In the department of give us this day, our daily bread, here’s an update on the current short term projection for the 10 year Treasury…