The Wall Street captured media likes to tell us that there’s just a small plumbing problem in the money market. But the fact is that…
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.
Stripmining the planet to maximize profits isn’t progressive or renewable–it’s just exploitive and destructive.How do we describe the finding that the planet’s most widely-owned super-corporation is destroying the planet to maximize its smartphone sal…
I’m of the long standing view that Fed chairs have one prime responsibility above all others: Keeping confidence up, and if it requires to sweet talk problems then that’s what it takes. The […]
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…