This is a chart of an informal kleptocracy which cloaks itself in the faux finery of democracy and a (rigged) “market” economy.
It’s becoming fashionable again to dismiss manufacturing. But maybe they shouldn’t.
Why doesn’t the government just check payroll tax collections instead?
CUSIP: 912810SG4Term and Type: 29-Year 6-Month TIPSSeries: TIPS of February 2049Reopening: YesInterest Rate: 1.000%High Yield: 0.501%Price: $115.685230Allotted at High: 48.33%Total Tendered: $18,927,012,800Total Accepted: $7,000,015,200Auction Date: 08…
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.
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.
For a cabal of superpatient supergeniuses, the Chinese tend to play with fire quite often.
The yield curve’s inverted! The yield curve’s inverted!
Following up on yesterday’s look at the concept of repo reserves. These are, as hopefully that narrative retelling established, very different from the inert byproducts of QE; or, bank reserves. The explanation for record low and negative yields amounts to a pretty intuitive process, though in practice it is incredibly complex. Sovereign bonds as “pristine” […]
Oh yeah, laugh all you want, but I feel obliged to present a technical case for $SPX 2126.
