Despite the name, the Fed doesn’t actually intervene in the US$ repo market. I know they called them overnight repo operations, but that’s only because they mimic repo transactions not because the central bank is conducting them in that specific place. What really happened was FRBNY allotting bank reserves (in exchange for UST, MBS, and […]
Maybe it’s my cheap seat or my general exhaustion, but the whole staged spectacle is beyond tiresome; I’ve had my fill.
The Fed started POMO today. But TOMO went up too. Stresses continue to build.
LIndsay Williams interviews Lee on Strictly Business. Recorded Tuesday, October 15. Click headline to hear the interview.
Wall Street and the Fed tell us there’s no crisis. Come on. Get real! They don’t pump $200 billion in cash into the market in a month, with a promise to do more for months to come, unless there’s a crisis.
Oh look, the $VIX is getting crushed again. Given all that is going on globally one may be inclined to express surprise, but it really isn’t a surprise. See there’s this monthly […]
A 13 week cycle upturn is due, but the head and shoulders top pattern is still there. Here’s what to look for. Subscribers, click here…
The story of the Fed’s QE New is a day by day chronical of madness. I’ve written about it extensively even before it started. Here’s…
The Street has continued to retreat from previous estimates of bank earnings made just a few months ago.
A triangle pattern means that a big move is coming. Technical Trader subscribers, click here to download the report. First Month Free and 90 Days…