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: $5.000B Coupon Purchase 2020-06-05 NY Fed treasury securities operations
A perpetual motion machine is impossible, but what about a perpetual inflation machine? This is supposed to be the printing press and central banks are, they like to say, putting it to good and heavy use. But never the inflation by which to confirm it.So round and round we go. The printing press necessary to […]
Good Morning. It’s May 35, 2020 and here’s how it looks today.
That which has failed is unsustainable, no matter how many trillions the Federal Reserve tosses against the tides of history.The chapter titles of Michael Grant’s excellent account of The Fall of the Roman Empire identify the core dynamics of…
Fed QE $1.000B TIPSPurchase 2020-06-04 NYFed treasury securities operations
Fed QE $3.500B Coupon Purchase 2020-06-04 NYFed treasury securities operations
Lowest on record
Slight moderation in the economic contraction in Brazil, India and Russia, with return to Services sector growth in China
It’s called survivor’s or survival euphoria. Having just gone through a traumatically dangerous experience, and lived, a person might naturally become euphoric for it. Not uncommon in combat situations, your body marshals all its resources including many physiological responses and counteractions. When it’s all over, there’s evolution working overtime in your brain rewarding these survival […]