And that’s just the stock market.
Dicsucs.
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.
Fed QE $2.401B TIPS Purchase 2020-06-15 NY Fed treasury securities operations
Fed QE: $1.739 B Coupon Purchase 2020-06-15 NY Fed treasury securities operations
The COVID 19 pandemic is, predictably, worsening again in much of the US. Only the Northeast, and to a lesser extent some Midwestern states, have…
The Monthly Treasury Statement for May confirms that the economy rebounded during the month, but more recent data through last week suggests that the rebound has already expired. Signs of renewed weakness come when the numbers are still far from a full recovery. The economy is beginning to weaken again, starting from weakness.
That’s relevant because it means that the Federal government will need to continue to issue massive amounts of debt. It may not be quite as much as in March and April, but it will still be at least double past peak levels.
We also know that the Fed has sharply cut the amount of that debt that it is directly absorbing or financing.
Here’s what this means for your investing strategy.
Some interesting movements in demand for gold coins in recent months, worth watching:Price is up, and volume of sales is quite volatile. Still, sales are hitting highs.Following weaker y/y January and February, March 2020 sales rose almost x10 y/y in v…
The state formerly known as Arizona. This data typically lags.
Federal Liabilities surpassed 100% of GDP for the first time in at least six decades. The quarterly Z1 data gets worse from there. Here’s where we’re headed and what it means.
So, just how much is the U.S. economic growth dependent on debt?