Fed Cuts Treasury Buying In Half, Money Markets Normalize, And Zoltan Pozsar Asks: Machiavelli Or Bagehot?
The Fed on Friday said it will cut the pace of Treasury purchases in half next week, to $15 billion per day from $30 billion, as market conditions normalize after last month's theatrics.
The balance sheet ballooned to nearly $6.4 trillion in the latest weekly update.
Purchases now top $2.2 trillion since the onset of panic in early March.
Critics abound when it comes to some of the Fed's most aggressive crisis-fighting efforts. On the planned purchase of fallen angels and high yield ETFs, s
This one pretty much went over my head- but in general, I sincerely want to express my appreciation for your intelligent, exceptional, and prolific writing.
I have been introduced to so many economic, financial and investment concepts- which I enjoy reading and thinking about. I am a retired CPA (worked with large multi national public companies), but if I could do it over, I would have studied economics.
I’m glad you enjoy the site. I enjoy writing it.
Dito here. I just didn’t get around to writing it down.
I ditto Emptynester. Thanks TRH.
Hear, hear. An oasis in the financial journalism desert. Thanks, H.
And luckily H’s energy and motivation seem to be positively correlated with the VIX. Content has been abundant just when we want it most–when s**t hits the fan.
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