Technology can’t fix what’s broken, because what’s broken is our entire system..The ultimate heresy in today’s world isn’t religious or political: it’s refusing to believe that technology can not only solve all our problems, it will do so painlessly an…
Private demand for US Treasury securities collapsed in September, forcing the Fed to first finance purchases, and then to buy Treasuries outright. The market is…
Let’s keep it simple shall we: 2019 remains a battle for control. The forces of intervention want to “extend the business cycle” as Jerome Powell likes to frame it by any means […]
They sure are trying their best. To do what? To goose markets higher.
The Fed’s balance sheet might inflate to $10 trillion.
A eurodollar is more about the “euro” than the more obvious monetary denomination.
Call it what you will, the Fed has started the new QE. It’s coming fast and furious with POMO on top of TOMO that will grow the Fed’s balance sheet as fast as it did under old QE. It’s a sign that the house is on fire.
After constantly running through what the FOMC gets (very) wrong, let’s give them some credit for what they got right.
It’s hard not to think sometimes that maybe the conspiracy theorists are on to something here.
The price we’re paying to keep our heads above water steepens while the pay-off is dropping off a cliff.A good friend related a story that goes directly to the heart of what’s broken in our way of life. My friend went to a reunion in Silicon Valle…