Lee AdlerThe US Treasury announced today that it would inject another $30 billion into the markets, in an attempt to forestall systemic meltdown. It will pay…
The Treasury is injecting still more cash into the market, on top of the $96 billion it already staged last week. It announced on Tuesday…
The good news is that the 13 week cycle appears to have entered an up phase. And it did so before materially breaking the previous…
We may be skating on very thin ice here, but the weight of the evidence still supports a weak bull case for the near to…
The Treasury is injecting more cash into the market. It announced today that it will do a second round of T-bill paydowns next week, adding…
And I’ve spewed a whole lot of words over the past 3 weeks. Scary words. Words including warnings that one of the titans of the…
Last week’s signs of a potential early 13 week cycle low have dissipated. There’s a new price projection for the cycle low. It has implications…
This is big. In a panic over the surge in the 10 year Treasury yield and the attendant fall in Treasury note and bond prices,…
If you are a cranky grizzly like me, you want to be short. Well, trust me, any time someone says , “Trust me,” I don’t…
Let’s talk about the confusion around QE cause and effect, with financial bubbles and money supply. And let’s get to the point — the proof of how QE actually enters the banking system AFTER it gets pumped into the markets, not before.
The Primary Dealers always hedge their fixed income portfolio positions in the futures markets. Looking only at their bond portfolio positions may not give us…
Back in 2008-2009, I chronicled how the Primary Dealers caused the stock market crash. They were the most important and least recognized cause of what…