On March 2, the Bank of Japan leapt into the stock market, Haruhiko Kuroda burnishing his Superman cape as he flew in to rescue the Nikkei. Purchasing a record amount of ETF’s that day, shares in Tokyo surged. It was a clear message, or so everyone thought. Don’t fight the Fed nor the Bank of […]
The New York Fed today released a set of Frequently Asked Questions to address programmatic inquiries about the Primary Market and Secondary Market Corporate Credit Facilities.
Questioning the veracity of Chinese estimates (for anything) has always been something of an amateur sport. For a stat like real GDP, everyone “knows” that it is managed. In a complex world where an economic system for a billion and a half is incomprehensibly unpredictable, there’s really no other way to always hit your government’s […]
Here’s a table of today’s Fed QE purchases. How much bang did the Fed get for its bucks?
If you have any doubt that the Fed and Wall Street will some day be dismantled, please re-read this “real life in America” list again.The pandemic is a stark, brutal spotlight on income/wealth inequality in America: while the top 10% who own the m…
That was a perfect setup for a launch at the bell yesterday. A lot of big boys knew what was coming and how to position for it. Then just after the bell news came out that a drug being tested for treating COVID19 was showing good results. BOOM!
Is this liftoff, or a launchpad explosion?
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.
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.
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.
Here’s a table of today’s Fed QE purchases, but this isn’t the whole story. What happened yesterday, that nobody reported, is.