For his next trick, will Jaysus Powell walk on water? Prepare to be awed.
Meanwhile here’s a look at how the stock market sets up today.
The futures are pulling back this morning a day after Jaysus Powell channeled Mario Draghi and promised that the Fed would do whatever it takes to keep the US economy afloat.
And so we’ve reached the precarious state of disunion in which the only thing the warring elites can agree upon is that the Federal Reserve should rescue their private wealth, regardless of cost or consequences.America’s divides are proliferating and d…
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 $11.000B Coupon Purchase 2020-04-30
Fed QE $3.000B Coupon Purchase 2020-04-30 NYFed treasury securities operations
Saudi Arabia once burned through the bond market on par with demand for Argentina’s paper. During the 2016-17 globally synchronized growth-inspire Eurobond binge, the country made up for its lost oil revenues (oil crash and all) with dollar-denominated, offshore debt flotations. These merely stabilized the country’s forex reserves after they had collapsed (by a third) […]
March 15 was when it all began to come down. Not the stock market; that had been in freefall already, beset by the rolling destruction of fire sale liquidations emanating out of the repo market (collateral side first). No matter what the Federal Reserve did or announced, there was no stopping the runaway devastation.It wasn’t […]
Term and Type: 273-Day Bill High Rate: 0.165%
It’s Fed Carnival! That’s in honor of the Fed bailing out the sinking Carnival Cruise Lines. What will it think of next to bail out its cronies, and the markets? Here are a few thoughts.
Meanwhile here’s a look at how the stock market sets up today.