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.
Even though it was a stunning turn of events, the move was widely celebrated. The Federal Reserve’s Open Market Committee, the FOMC, hadn’t been scheduled to meet until the end of that month. And yet, Alan Greenspan didn’t want to wait. The “maestro”, still at the height of his reputation, was being pressured to live […]
As the 3 main indices have made multiple new highs in recent days and weeks it may be worth to keep taps on the health of this rally. Why? Because for rallies […]
Yes, the Fed keeps monetizing the debt. Just look at today’s Treasury Cash Management Bill auction.
Good morning from Bordeaux, France! Gold is setting up a nice base. That is, unless it breaks. Here’s what to look for. Subscribers, click here…
The Germans managed to do it, to avoid meeting the dreaded technical definition of recession.
The Treasury Department’s TIC for September 2019 finally arrived yesterday.
But they will gladly pay us back on Tuesday. They’ll borrow more to do it.