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…
The Fed has been pumping money into the system hand over fist since mid September when it restarted QE. It’s working… to a degree. But there are problems.
Reports of the demise of the Megaphone may be greatly exaggerated.
Intermediate cycle projections rose to new levels. Here are the new targets and trading tactics.
The Fed bought $15.7 billion in T-bills, notes, and bonds from dealers. That’s higher powered money because the Fed is actually cashing out the dealers. TOMO is just a loan to enable them to carry their fixed income inventories without having to liquidate at a loss.
And boy they took some losses last week.