Now on a weekly basis, we’re witnessing things that couldn’t happen – actually happen.
You should be seriously unnerved by the slow decline in LIBOR.
Basing one’s decisions on analogs from the past is entering a fool’s paradise of folly.Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation in the past which will clarify the swirl…
The market is on easy street today. It’s getting its usually daily injection from the Fed, while the Treasury is sidelined, not doing any borrowing today. So all that cash gets to sit around for a whole 4 days until a new wad of Treasury supply hits.
Meanwhile, at the Dear Leader’s suggestion, Trump supporters inject themselves with bleach or isopropyl alcohol to stave off infection with the virus. That’s a good thing. Let’s hope it’s the start of a trend that flattens the curve so we can all get back to normal lives.
The Fed gives Primary Dealers money every day now. The dealers use that money to buy Treasury paper from Uncle Sam. Whatever the dealers don’t need for that purpose, they use to create mischief in the financial markets. You really need to know how much money they’re getting, how much they need, and how much mischief is coming as a result, every day. I’m happy to help you get that information.
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.
Can a PMI actually hit zero? We may be about to find out.
When reality and truth become the sworn enemies of society’s political and economic elites, the society is well and truly doomed.
Term and Type: 273-Day Bill
CMB: Yes
Offering Amount: 25 Billion
So much for social responsibility. Sweden’s rate of new infections is 3-5 times greater than its neigbors Norway and Denmark. Its death rate is 15 times greater.