Terrorists stood on the periphery of the Treasury market this week, waiting to detonate the explosives strapped to their waists if US politicians don’t get their acts together and move toward a compromise that would raise the debt ceiling. It will be an especially tense standoff this week, because on Friday the market must settle…
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Bears Chat, Best of the Forums
A Closer Look at Fed Propaganda: Even It Admits That It’s Clueless
by a Wall Street Examiner • • 0 Comments
A Closer Look at Fed Propaganda: Even It Admits That It’s Clueless
“It [the FOMC] felt that “resource slack” would prevent most companies from passing on cost increases. But it also admitted to not having a grip on the mechanisms of price increase!…
Liquidity Trader, Professional Edition
Smoking Dope – Professional Edition Fed Report
by Lee Adler • • 0 Comments
The awful performances of the longer term Treasury auctions contained within them a sign that foreign central banks are beginning to reverse a normal intermediate cycle upswing in their purchases of Treasuries and GSEs. The long term trend of FCB purchases continues to be down. The Treasury has expressed confidence that the domestic banking system…
Liquidity Trader, Professional Edition
Fed Puts US in the Breach, Again – Professional Edition
by Lee Adler • • 1 Comment
Today I got sick to my stomach when the Fed announced two more alphabet soup du jour programs. One program will involve the direct purchase of GSE and MBS paper by the Fed. that’s another $600 billion that the Fed will add to its books. This action was necessitated by the ending of the FCB…
