Lee AdlerThe moment of truth has arrived. Are you ready. Here’s what to expect and how to prepare.
The withholding data is the real deal. It continues to show the US economy growing rapidly. Inflation will continue to run very hot, and the Fed will remain under pressure to reduce QE. That showed up this week in Powell’s statement that the Fed will stop saying the bad word, “transitory” because people misunderstand what the Fed means by it. We know otherwise.
This report examines and illustrates the most important line items on the Fed’s weekly balance sheet. It tells you what to look for to recognize when the markets will crash. Because that’s coming.
We approach another debt ceiling drop dead date. The next month is thus fraught with unknowns. It makes projecting our QE and PONTs charts beyond the next two weeks all but impossible. We’ll just have to wait and see along with everybody else. Of course we view the world a little differently than everyone else.
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.
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.