Lee AdlerThe Meyer Lansky like Fed has cut back QE, but Treasury supply has also receded. So the Fed is still funding most new issuance, either…
As the Fed has cut back on QE, Primary Dealers have also cut back their inventories of Treasuries and the leverage that they use to…
Gold is consolidating. Here’s what to look for to signal that it’s something worse.
The long holiday weekend has ended and bulls are back at their desks. Bullish on Biden’s growing lead in the polls, right? Because when the…
The Treasury’s numbers are in for June and they’re not good. First things first. The BLS jobs data is just BS. Subscribers, click here to…
Common sense says that as case numbers increase, tax collections would fall and vice versa, REGARDLESS of whether governments imposed lockdowns. So my expectation was…
Gold is consolidating. Here’s what to look for to signal that it’s something worse.
There are no guarantees in this game. Crashes are extremely rare events. But these are extreme times, and this particular setup calls for extreme caution.…
The imbalance between Fed QE and Treasury supply is ugly as as it gets for the next week, but then it gets less ugly. Here’s…
Gold is consolidating. Here’s what to look for to signal that it’s something worse.
We know that total liquidity is still growing. The Fed is still printing and pumping money into the system at an historic rate. That rate…
Last week was wild and wooly. The volatility suggests illiquidity, which at this stage is not bullish. It’s consistent with the idea I’ve espoused in…