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.
There is no sign of bottom for the Chinese economy and Xi Jinping knows this.
The Department of Welfare and Mendicant Services at the New York Fed has released the schedule of repurchase agreement (repo) Primary Dealer welfare support operations for the monthly period from November 15, 2019 through December 12, 2019. Let us give thanks.
Poor asset returns, expensive funding, geographic diversity in all of the wrong places, limited liquidity and the world’s biggest derivatives book somehow just doesn’t do it for us.
The anti-social carnage unleashed by Corporate America’s “lock-in” / negative network effects has no real limits.Here’s the U.S.economy in a nutshell: Corporate America is an anti-social Black Plague, gorging on cartel-monopoly profits reaped from…
The Fed has pumped almost $311 billion into the accounts of Primary Dealers since mid September. Here’s what that has done and what it hasn’t, and why you should be worried.
Today’s POMO trade was a small one.
It’s not too difficult to predict a political rebellion against the machinery of soaring wealth and income inequality.The one constant across the media-political spectrum is an unblinking focus on the stock market as a barometer of the national economy…
The gold charts look like they’re feeling a little sick.
As long as central banks create and distribute trillions in conscience-free credit to conscience-free financiers and corporations, the incentives for sociopathy only increase.”Sociopath” is a word we now encounter regularly in the mainstream media, but…