In other words, the US central bank is already way behind the curve on two key fronts.
Risk happens fast, especially when markets run on hopium with extended valuations. Whether today’s news headlines suggestive that Democrats may be opening an impeachment inquiry into President Trump will be a trigger […]
The phrase. “It’s the economy, Stupid,” became famous in first Clinton campaign. And Wall Street has always wanted you to believe that indeed, it is the economy, Stupid.
But the game has changed radically in the past two weeks
The game has changed radically in the past two weeks, so it does not matter one iota what the economy is doing. It’s the debt,…
So the repo market has coniptions because it can’t fund the $1 trillion Government deficit anymore.
Because banks dont want to dump their Treasury postions all at the same time and crash the Treasury market.
So the Fed has to ride to the rescue and take on the burden of monetizing the deficit.
So QE4 starts now!
Nothing’s proven either way yet, but here’s why banks hold the key.
Where are the dealers? Policymakers at FRBNY would now like to know – even though it has been their one damn job for decades.
the takeaway from all of September should be the world’s two most important central banks each botching their “accommodations.”
Gold has popped but the 13 week cycle down phase could have a few more weeks to run. Here’s what needs to happen.
Last week’s volatility in the market for fed funds gave a lot of equity managers an opportunity to brush up on their understanding of the workings of the short-term money markets.