Extended excerpt from the Executive Summary. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just follow the money. Lee Adler’s Liquidity…
Tag Archive for Fcbs
Charts, Economics, Email Bulletins Archive, Liquidity Trader Complete
Hit With Big Withdrawals, Fed Sells Assets, Borrows Cash
by Lee Adler • • 7 Comments
The Fed was hit with withdrawals of $83.3 billion last Wednesday, the largest withdrawals from its deposit accounts that were not associated with quarterly tax payments since February of 2009. $7 billion of that was the net cash transferred to the US Treasury from its note and bond sales less outlays. The Fed still had…
Charts, Economics, Email Bulletins Archive
Foreign Central Banks Have Left the Building
by Lee Adler • • 0 Comments
Tracking foreign central bank (FCB) holdings of US Treasury and Agency (Fannie, Freddie, and minor government agencies) paper has been one of the most important lines of inquiry in my analysis of market liquidity for the past 9 years. This information is available virtually in real time each week in the Fed’s weekly H41 report.…
Liquidity Trader Complete, Professional Edition
4 Signs To Look For In Treasuries, The Dollar, and Federal Tax Collections, and FCBs
by Lee Adler • • 0 Comments
Stocks rallied and Treasuries held their own in the past week as the market faced no pressure from new Treasury supply, and foreign central banks (FCBs) took a break from their recent pattern of dumping their Treasury holdings. This report tells what to look for next week that will tell us what the future holds.…
Economics, Email Bulletins Archive, Liquidity Trader Complete
Not Merry Twistmas
by Lee Adler • • 0 Comments
Reposted from an email bulletin- I’m finally back up to speed after my trip back from my summer base in Canada to base camp FL. Yesterday I posted a Wall Street Examiner Professional Edition Fed Report update. This is an excerpt from that report. Follow the money. Find the profits!Liquidity is money. Regardless of where…
Charts, Economics, Email Bulletins Archive, Liquidity Trader Complete
Threads In A Foreboding Tapestry
by Lee Adler • • 1 Comment
Two weeks ago I began to report to subscribers of the Wall Street Examiner Professional Edition Fed Report that foreign central banks (FCBs) had begun to engage in unprecedented levels of disgorgement of their massive holdings of US Treasury and Agency paper. Prior to this year, the FCBs had typically absorbed the equivalent of 25%…
Liquidity Trader Complete, Professional Edition
Checkmate
by Lee Adler • • 0 Comments
During QE2, the Fed’s purchases of Treasuries covered virtually 100% of new Treasury supply, freeing up cash that allowed the Primary Dealers (PDs) to speculate elsewhere. With the Fed now absorbing almost none of the new paper, the market faces an additional problem, and it is a huge one. Foreign central banks (FCBs) are now…
Liquidity Trader Complete, Professional Edition
Kind Of Bearish
by Lee Adler • • 0 Comments
The following is the summary lead-in to this week’s Wall Street Examiner Professional Edition Treasury Update. The subscriber link to the full report is below. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to…
Economics, Liquidity Trader Complete, Professional Edition
Fed Gets To Skate On Thin Ice In April
by Lee Adler • • 2 Comments
Both banks and foreign central banks (FCBs) have normal buying cycles, and this week’s evidence suggests that both are just past the peak of those cycles. In addition, because of Japan’s predicament, FCB buying is for the foreseeable future likely to be well below the necessary levels to keep levitating stocks. Add to that the…
Liquidity Trader Complete, Professional Edition
Financial System Warning Signs Abound- Professional Edition
by Lee Adler • • 2 Comments
The Fed deposited $21.6 billion in cash into Primary Dealer trading accounts in the holiday shortened week ended Friday. At the same time, FCBs pulled $2 billion out of the market pool. They aren’t cooperating with the Fed to the degree necessary to keep the champagne music machine blowing bubbles. Meanwhile banks built up their…
