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 $1.000B TIPS Purchase 2020-06-11
Fed QE: $3.000B Coupon Purchase 2020-06-11
We are entering The Greatest Depression because there is no exit.I’ve endeavored to explain why The Greatest Depression is unstoppable in recent posts:The Covid-19 Dominoes Fall: The World Is Insolvent March 16, 2020Pandemic Pandemonium: The Tides…
What say you? Dicsucs.
Fed QE: $6.500B Coupon Purchase 2020-06-10 NY Fed treasury securities operations
30% of respondents failed to make their full June housing payments on time in June, nearly unchanged from the 31% rate in May.
US Commercial Bank data had been sending warning signals that all was not well for at least a year before the stock market crashed. I chronicled that in these reports.
The warning signals came to fruition in February and March.
But then the Fed stepped into the breach and went crazy. What the Fed did, and is still doing, went beyond “unprecedented.” It was nuts.
Perspective.
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.