Did you notice in yesterday’s press conference how Jerome Powell kept clearing his throat. He was apparently choking on the vomit of his own double talk. The lies, self contradiction, and obfuscation were breathtaking. This man has no conscience. But then, he’s a central banker. What should we expect.
It’s a good thing that Powell doesn’t own a big bond portfolio.
bond prices will head lower. That could set off a firestorm in not only Primary Dealer inventories, but bank long term bond portfolios as well.
Apologies for the bad link in this report I posted yesterday! Now corrected! Subcscribers click here to download the complete report. The Fed poured $132…
Subcscribers click here to download the complete report. The Fed poured $132 billion of QE into the accounts of Primary Dealers between October 14 and…
Subcscribers click here to download the complete report. Visibility into the near future has been pretty good lately, so I’ll start with a review of…
The stock and bond markets face a triple whammy at the end of this month. In this report I’ll show you what those three things are, why and how they will impact the market, and what you should do about it (subscriber version only). These three things will pose a grave threat to the Treasury market, to short term interest rates, and ultimately to the stock market.
Janet Yellen has now confirmed that the Treasury will run out of money in October, as we already knew from our tracking of the data. Congress will be forced to raise the debt ceiling. Treasury supply will mushroom at the same time as the Fed begins to cut its market support operations. The RRP slush fund will affect the timing of the coming disaster. But we know its coming and we have a good idea of when.
Meanwhile the BLS has fomented a completely false picture of inflation. I explain that in this report. It’s blatant.
Janet Yellen has now confirmed that the Treasury will run out of money in October, as we already knew from our tracking of the data. Congress will be forced to raise the debt ceiling. Treasury supply will mushroom at the same time as the Fed begins to cut its market support operations. The RRP slush fund will affect the timing of the coming disaster. But we know its coming and we have a good idea of when.
Meanwhile the BLS has fomented a completely false picture of inflation. I explain that in this report. It’s blatant.
Janet Yellen has now confirmed that the Treasury will run out of money in October, as we already knew from our tracking of the data. Congress will be forced to raise the debt ceiling. Treasury supply will mushroom at the same time as the Fed begins to cut its market support operations. The RRP slush fund will affect the timing of the coming disaster. But we know its coming and we have a good idea of when.
Meanwhile the BLS has fomented a completely false picture of inflation. I explain that in this report. It’s blatant.
I started to wonder how the banking indicators were looking lately. I’ve looked at the charts this morning. In updating this for you, I’ve again attempted to minimize the verbiage here. The charts are bad enough.
The stock and bond markets face a triple whammy at the end of this month. In this report I’ll show you what those three things are, why and how they will impact the market, and what you should do about it (subscriber version only). These three things will pose a grave threat to the Treasury market, to short term interest rates, and ultimately to the stock market.
We know when the Treasury will run out of cash. Congress will then be forced to raise the debt ceiling.
The Treasury will need to issue immense amounts of new debt to repay the internal accounts it raided, and to rebuild its cash account. It won’t be pretty, but we have situational awareness. We’ll be prepared.
Lee Adler