The top pattern looks ominous but the rebound leaves gold’s fate hanging in the balance today. Here’s what to look for. Subscribers, click here to…
With China closed for its National Day Golden Week holiday, the stage was set for Japan to steal the market spotlight. If only briefly. The Bank of Japan announced last night that it had had enough of the JGB curve. The 2s10s very nearly inverted last month and BoJ officials released preliminary plans to steepen […]
We’re in the middle of an existential crisis. We must be. That’s what central bank policies are telling us.
As the exodus gathers momentum, all the reasons people clung so rabidly to urban meccas decay.If there is any trend that’s viewed as permanent, it’s the enduring attraction of coastal urban meccas: despite the insane rents and housing costs, 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.
One of the most maddening aspects of the recent repo market, federal funds mashup is the lack of context behind it. The event is being characterized and described as if in isolation. Regulations are squeezing dealers at the same time there is a lack of bank reserves. Thanks to QT, there’s just not enough liquidity […]
The Fed’s new TOMO has already hit a quarter trillion. It may not be QE in name, but it is in fact.
Cylces and support and resistance are all a mixed bag, but there are clear benchmarks to watch that will signal what comes next and how…
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.
When dogmas lose their grip on believers, they collapse in spectacular fashion.Karma covers a lot of ground, but it boils down to consequences: consequences not just from your actions but from your convictions, schemes, obsessions, and yes, d…