Lee AdlerMacro liquidity has slowed slightly in recent weeks as the Fed has taken its foot off the accelerator. But it continues to grow at an…
The Fed has cut back its POMO purchases to an average of $8 billion per day of Treasuries and $6 billion of MBS this week.…
The Fed just posted how much help it will give the market next week and son of a gun! It’s cutting again. The implications of…
Today’s the day. The Fed announces its next plan. You may have already seen it by the time you read this. But really. What difference…
Ever resolute, the Fed kept pumping the cash into Primary Dealer accounts. It kept at it until, as I calculated elsewhere, it had pumped in…
The Fed has taken its foot off the gas pedal. We’ve been watching this for a couple of weeks now. Crunch time is almost here.…
The Fed’s massive bailout of Primary Dealers and its alphabet soup loan programs for all other big financial players, have now made moral hazard permanent…
I warned about it last week when the Fed’s POMO schedule first showed a reduced purchase rate. The Fed is taking its foot off the…
Treasury issuance will go through the roof over the next 5 days while the Fed has decided to cut back its support. That’s a bad…
Macro liquidity measures have absolutely gone through the roof, blown the lid off, set off a tsunami, as US government spending skyrockets to the moon…
It worked well in theory and in practice for a dozen years. But at what is likely to be the most important juncture in our…
$321 Billion That’s how much cash the Fed will pump into Primary Dealer accounts this week. Guess how much new Treasury issuance there will be…