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.
I actually wanted to focus on this yesterday but confirmation wasn’t forthcoming until today. So, it ended up being a broader note on the dollar which only included some mention of Brazil in passing. Still a worthwhile couple of minutes. There were rumors that Banco (central) do Brasil was intervening or was going to intervene […]
When the stampede tumbles off the cliff, buyers vanish and markets go bidless.
The Federal Reserve and U.S. Treasury did not intervene in foreign exchange markets during the October – December 2019 quarter, BUT GET THIS!
Another overnight coronavirus related scare as China had to greatly up its estimates of the infected, yet no worries, the market remains as much on autopilot as the Fed remains in denial […]
CUSIP: 912796TK5Term and Type: 21-Day BillCMB: YesOffering Amount: 40 BillionAnnouncement Date: 02/13/2020Auction Date: 02/18/2020Issue Date: 02/20/2020Maturity Date: 03/12/2020PDF | XML
Stock Market Trading Setup for Thursday February 13, 2020 I have been beset with brainfarts lately. Must be old age settin in. Bad enough when…
Only fools are blind to the potential for this uprising to extend to Apple and the rest of Corporate America’s greedy exploiters who’ve been delighted to profit from the protection of the CCP. Let’s start our “Come to Mao” reckoning with the obvious:To …
Back last June, the dollar had broken its upswing. DXY, one major dollar index, had fallen sharply as had most if not all of the rest. This one had given up most of its “gains” in a relatively short period. That said, to some, the greenback had definitely hit its high. All downhill from there. […]
Fears over machines aren’t anything new. The Terminator franchise got started in the eighties and was hardly original back then. In gross economic terms, it may seem like the robot invasion is a 21st century phenomenon. It isn’t. One need only go back to Alberta of all places and learn about the Canadian Clifford Hugh […]