Tag Archive for Assumptions

4 Week Bill Overshoots TBAC AGAIN!

The US Government just can’t seem to stop its budget and debt woes from getting worse. The size of the 4 week bill announced today is $6 billion more than the Treasury Borrowing Advisory Committee had estimated it would be back in August. The Treasury will overshoot its borrowing estimates this week by a whopping…

Assumptions Assumptions – Professional Edition Fed Report

The details of the PIPPICK have been widely disseminated and hashed out on our message boards and elsewhere, so I won’t bore you with them. Here’s the fact sheet- http://treasury.gov/press/releases/tg65.htm The real fact is that no one knows how these dual programs will work, or even if. There are some pretty big assumptions here, the…

Disabusing Popular Assumptions

There are a couple of assumptions floating around in certain quarters that I’d like to disabuse. One is that based on its recent statements and actions, the Fed is reflating. Another is that it will be successful, in fact too successful, resulting in high inflation. Another is that foreign central banks will be around to…