Lee AdlerThe pause in the growth of the Fed’s balance sheet over the past 6 weeks isn’t what the pundits are telling you. Some are saying…
Withholding tax collections are soaring. But despite that and the massive stimulus of skyrocketing government outlays and ever widening deficits, the ‘conomy is only so-so.…
I just discovered today that Liquidity Traders email system had malfunctioned and had stopped sending notifications to you last week. All posts were available here…
With the light supply and the Fed money putting the wind at their backs, Primary Dealers got a gift on top of that. Coronavirus. The…
Dealers cut back their fixed income inventories ever so slightly over the past month. They also increased their hedges, but again, slightly. They are still…
Supply and demand conditions for stocks and bonds have been as good as it gets over the past month. We can thank the Fed’s Not…
It ain’t rocket science. The Fed drives liquidity and stock prices are the first order effect because that’s how monetary policy transmission is designed. These…
Federal revenues softened in December. That could be just a blip, or it could be the first signs of a looming recession. It’s bullish if…
The Fed has monetized 99 percent of the Federal Debt since it started Not QE. That’s been bullish. Here’s what to look for and how…
There are growing signs in the banking system that the Fed will lose control, and this won’t end well. Subscribers, click here to download the…
Federal tax collections were a bit softer in December than in recent months, but overall were in the same growth path as throughout the past…
Circumstantial evidence suggests that the Primary Dealers are in big trouble. The 10 year yield holds the key. Here’s what to look for. Subscribers, click…