The market spent last week in what appeared to be a consolidation of its gains of the past month. There are a few hints that…
The epicenter of the Bubble is in “repo” finance and myriad instruments (CDO’s, ABS, special purpose vehicles, derivatives and such) financed directly and indirectly in short-term market-based lending markets.
Here is hollowed-out America, an economy of ever-greater financial wealth piling up in the hands of the few while tens of millions of wage-earners can’t afford what was available to everyone, even the working class, in previous eras.America is being ho…
It was a huge sigh of relief, seen as confirmation of the word “transitory.” Oil prices in late 2014 had crashed and while globally monetary officials tried to reassure everyone it was a good thing, a supply glut giving consumers something like a tax cut, the wipeout was still unnerving. And that uneasy feeling was […]
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.
Treasury supply is gargantuan. But size doesn’t matter because the Fed can take it. And is taking it. Almost all of it. Subscribers, click here…
Scarcely a week will go by without some grand prediction of the dollar being dethroned. Set aside how if anything is to be deposed it would have to be the eurodollar, these stories typically follow the same formulaic approach: Country X is moving away from dollar reserves, “diversifying” its holdings because of the geopolitics of […]
What’s been normalized are policies and cultural norms that seek to enrich and protect the few at the expense of the many.When the initially extraordinary fades into the unremarkable background of everyday life, we say it’s been normalized. P…
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.