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…
When I first got in this business oh so many years ago, my mentor told me that I shouldn’t waste my time worrying about the things everyone else was worrying about.
So the Fed Chair says the balance sheet growth will be “organic.”
And we cant call it QE4.
The US Treasury daily tax data suggests that the US economy is at least slowing. That means already yooge deficits will grow. Treasury supply will…
You know the story. When he finally gave in at the end of July, the Federal Reserve Chairman at first hinted it was a one-and-done insurance type of thing. Powell said it was nothing more than a mid-cycle adjustment, “not the beginning of a long series of rate cuts.”
Dogma said trade wars wouldn’t amount to much.
They remain just as confused as Richard Fisher once was.
Once we understand this mechanism, we understand that labor can never get ahead.
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.
The new program of massive QE has been ignored.