Lee AdlerThat’s the question of the hour as the Fed pumps money into the financial markets at a record pace. Here’s what’s important about that.
In 2½ months the Fed replaced what it took 8 months to drain off between January and August 2019. But Lying Jerry says, “It’s not QE!”
Federal tax collections were robust in November, signaling that the US economy is perking along. That has implications for the Treasury supply outlook, and consequently…
The Wall Street captured media likes to tell us that there’s just a small plumbing problem in the money market. But the fact is that…
Treasury supply is gargantuan. But size doesn’t matter because the Fed can take it. And is taking it. Almost all of it. Subscribers, click here…
Federal revenues fell in October for the first time since February. And outlays rose, widening the deficit. The Fed raised its ante in response. Here’s…
The Fed has pumped almost $311 billion into the accounts of Primary Dealers since mid September. Here’s what that has done and what it hasn’t, and why you should be worried.
The Fed is taking up all new Treasury issuance, dollar for dollar. Must be a coincidence.
The Fed is taking up all new Treasury issuance, dollar for dollar. Must be a coincidence.
The US Treasury daily tax data showed weak revenue and soaring outlays in October. The deficit is soaring, but the Fed is monetizing every penny…
With QE New the Fed has the tools and the power to push money rates down, and it is succeeding. But it’s not succeeding in…
It’s official. QE New has reversed 5 months of previous Fed balance sheet normalization. Here’s what the “new normal” means for your investments. It might…