“The recent emergence of the coronavirus, however”…
Category: fed
Jeff Gundlach Probably About 90% Correct To Say Chances Of Fed Cut Are About 90%
“Now a 90% chance of a 2020 cut”.
Two Years In, Jay Powell Still Lacks Only Skill That Matters: Ability To Bullsh*t People
At least he knows what to say when asked if the Fed is in the bubble-blowing business.
Fed Commits To Repos Through April, Keeps Main Rate On Hold, Raises IOER
Quite a bit to digest, but perhaps not much to move markets other than at the very front-end.
Pandemic Fears Meet Fed, Impeachment, Tech Earnings With Stocks In Stratosphere
A little trepidation.
‘Just As Independent As The Fed’: Erdogan’s Son-In-Law Jokes About Trump’s Control Over Central Bank
This is yet another manifestation of Trump’s behavior normalizing autocratic regimes.
Trump Blames Fed, Storms, Boeing For Holding Back Economy, Dow. Says Musk ‘Does Good At Rockets’
The cadence was laughably childlike.
What’s Behind The Rally? It’s The Liquidity, Stupid.
“And I think we ought to be sensitive to that”.
Repo Apocalypse Was Averted. Now What?
“It is too early to break out the ‘mission accomplished’ banner”.
Powell In 2014: The Dot Plot Is A Lot Like Chernobyl
“Plain English”.
The Case For The Fed Cutting Rates Back To Zero
“…you cannot fight a recession with only one or two rate cuts”.
Fed Minutes Show Rates On Hold, Repo Discussion Front And Center
Policy is “appropriate”. Unless there’s a world war.
Out With The Dissenters! Fed Voter Rotation Removes Hawks
2020 represents a unique challenge thanks to Trump’s public criticism of monetary policy.Â
Don’t Be So ‘Sensitive’: How Much Will The Data Matter For Markets In 2020?
“Data dependent”, so to speak.
Stuart Sparks Details The Ultimate In Ironic, Tragicomedic Fed Outcomes For 2020
“Note that this is not a forecast of recession”…
Jerome Powell Quizzed On Repo Stress As Zoltan Note Makes Cameo In Press Conference
“You asked about year-end”.
Fed Stands Pat In First Unanimous Decision Since May; Dots Show Policy On Hold Through 2020
“…policy is appropriate”.
‘The Day The World Stops Spinning’: Zoltan Pozsar Calls For QE4
“If carry makes the world go ‘round, and reserves make carry possible the day we run out of reserves would be the day when the world would stop spinning”.
Make It 3 Out Of 3 On Oversubscribed Repos Covering Year-End Turn
One almost gets the sense that people will be disappointed if there aren’t any fireworks.
The BIS Explains ‘Highly Unusual’ September Repo Chaos
“The mid-September tensions in the US dollar market for repurchase agreements (repos) were highly unusual”.
For Volatility, 2019 Is No 2017. But 2021 May Be
Looking back at history, it generally takes around two years for those feedback loops to fully manifest themselves.
‘Blue Sky’, ‘Ugly’ Or ‘Armageddon’: 3 Paths For The Emancipation Trade
“Everything we know about financial markets”…
Another Oversubscribed Term Repo Stokes More Year-End Liquidity Crunch Fears
Are “supersized” bill purchases in the offing?
First ‘Ultra-Long’ Term Repo Covering Year-End Is Twice Oversubscribed (Cue Alarmists)
Here’s some nuance, for those interested.
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