The Fed maintained the status quo in its decision last week, which means that it will continue to pump $25 billion per month through the trading accounts of the Primary Dealers via its MBS purchase program. That number could increase modestly later this summer as a result of the latest mortgage refi mini boom driven…
Tag Archive for Treasury
Liquidity Trader, Professional Edition
Federal Government Doing “Just Fine,” But Treasuries Losing Popularity
by Newswires • • 0 Comments
There are a dozen bullet points in today’s Treasury Update. Here are the first 5. Month to date tax collections for the period ended June 21 were running way ahead of last year, while outlays were flat, suggesting the economy may be picking up steam again just when the universal consensus was that it was…
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Lessons from history – Anna Schwartz Criticized Bernanke In A 2009 Interview – Audio | Marketplace.org
by Newswires • • 0 Comments
Kai Ryssdal: Forty-six years ago Schwartz, and a guy named Milton Friedman, who’d later go on to win the Nobel Prize for economics, wrote a book on the topic. It was called “A Monetary History of the United States.” It’s on just about every list of the most important books on economic history… ever. When…
Liquidity Trader, Professional Edition
Macroliquidity Still in Pause In Uptrend
by Newswires • • 0 Comments
The Fed will decide on Wednesday whether, and by how much, it will increase the rate at which it pumps cash through Primary Dealer trading accounts. What it decides will have an impact on how fast stocks are likely to advance, and how soon that advance will end. A new program of QE that adds…
Housing, Lee's Free Thinking, Must Read
Housing Prices and Sales Volume Continue Surge in Early June – Dataquick
by Lee Adler • • 1 Comment
Dataquick is now reporting a 7.4% increase in closed sale values for the 30 days ended June 7 versus a year ago. This would represent mostly contracts entered in March. The data released today shows a clear breakout in prices with the median sale price for sales data collected in the 30 days ended June 7…
Housing, Must Read
Housing Prices and Sales Volume Gained Sharply in May- Dataquick
by Lee Adler • • 0 Comments
Dataquick is reporting a 6.3% increase in sale prices and a 10.1% increase in sales volume for May versus May 2011. Versus 3 years ago, the median sale price is up 3.3% and volume is up 10.1%. Prices have now exceeded the 2011 peak reached in July and August and sales volume is virtually at…
JP Morgan Latest News
Who’s Talking About JP Morgan at the Senate Banking Committee Hearing – Wall Street Journal (blog)
by Newswires • • 0 Comments
New York TimesWho's Talking About JP Morgan at the Senate Banking Committee HearingWall Street Journal (blog)Five key regulators appeared before the Senate Banking Committee on Wednesday to discuss risk in the financial system and JP Morgan's r…
Liquidity Trader, Professional Edition
Liquidity in Four Week Stall, But Still In Uptrend
by Lee Adler • • 0 Comments
The composite liquidity indicator downticked slightly last week on small declines in most of its components. It has been flat since May 2, while remaining in a strong uptrend. We know that the Fed’s pumping to Primary Dealers is in a virtually permanent uptrend, but other indicators may not be. Pauses have been a normal…
Bruce Krasting, Contributors- Economic and Financial, Must Read
IRS Cuts Deals- Bruce Krasting
by Bruce Krasting • • 0 Comments
The other day the IRS announced new rules for settling tax liabilities for individuals. It’s a sweet deal. I thought that was interesting. Then yesterday we get an announcement from Altria (MO) that they too have cut a deal with the boys at the IRS. …
JP Morgan Latest News
JP Morgan loss latest argument for regulation – The Ranger
by Newswires • • 0 Comments
LifeHealthProJP Morgan loss latest argument for regulationThe RangerThat's the message from Jamie Dimon, the swaggering CEO of JP Morgan Chase, the nation's biggest bank. Recently, Dimon announced that JP Morgan had lost $2 billion on investmen…
