Tag Archive for Us Treasury

Egad, The Fed Pisses Me Off

From the excellent Binyamin Applebaum at the NY Times: 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.…

JPM Appoints Former LTCM Trader And Chairman Of TBAC As Replacement | ZeroHedge

Now… Matt Zames… Matt Zames… where have we heard that name before… OH YES: he just happens to be the Chairman of the Treasury Borrowing Advisory Committee, aka the TBAC, aka the Superommittee that Really Runs America. The Matt Zames who… “previously worked at hedge fund Long-Term Capital Management LP, may have benefited as the…

The Last Ponzi Game Standing

Lee Adler argues that the idea that US economic growth and European economic crisis proves that austerity is a bad thing is false. The US only looks good in comparison, because capital is flowing out of Europe to the last Ponzi game standing, the US Treasury market. The US Treasury magically and instantly converts foreign capital inflows into current spending creating the illusion that austerity is bad and profligacy and stealing from the future income of US taxpayers is good. Russ Winter chimes in on the flight of small investors out of US stocks, and away from the propaganda of mainstream TV financial infomercialism. This is a subscriber only podcast. If you are not a subscriber, click here to access the most recent free podcast posted on Monday, April 23. Subscribers can click the player at the bottom of this post (visible on Radio Free Wall Street main site only) to listen to today’s podcast, or use this link to download. If you are not a subscriber and would like to hear not only today’s podcast but all 8-10 podcasts each month, click here to start here to start your subscription. It takes less than a minute to complete the signup form and start […]

Treasury Running Out of Cash, Announces 64-Day CMB In Addition To Usual Weekly Bill Offerings

Apparently seeing revenues falling well short of forecasts, the US Treasury today announced a surprise $20 billion Cash Management Bill (CMB). This bill was not included in the TBAC (Treasury Borrowing Advisory Committee)  forecast schedule posted just last week. The simultaneously announced regular 6 month bill was $1 billion above the TBAC forecast. Here are…