by Tyler Durden Authored by Mike Whitney via The Unz Review, Monday’s 1,000 point bloodbath was followed by Tuesday’s 879 point rout, lobbing 8% off total market value in less than 48 hours. The two-day drubbing has […]
by Tyler Durden Instead of Powell bloviating before Congress for hours every six or so months while discussing his social life and avoiding answers to questions that really matter, it would be a much better use […]
by Tyler Durden In previewing today’s Fed statement regarding repurchase operations, on Tuesday Curvature Securities repo expert Scott Skyrm said that he expects the Fed to announce a $50 billion (at least) term operation for Monday December 23 […]
by Tyler Durden For the past decade, the name of Zoltan Pozsar has been among the most admired and respected on Wall Street: not only did the Hungarian lay the groundwork for our current understanding of […]
When I was asked to write an article about the impact of negative interest rates and negative yielding bonds, I thought this is a chance to look at the topic from a broader perspective. There […]
BY BRIAN MAHER As a bad penny returns to its sender, or a dog returns to its vomit… investors are returning to the stock market. “All in” these gentlemen and ladies are going (or at least […]
“The smoke is coming from the REPO market because it’s concealing infinite QE. They have to go to infinite QE or the system breaks,” so says Jim Willie who also warns that the Dutch Central […]
by Tyler Durden QE4 has officially arrived. As previewed yesterday, moments ago the Fed concluded the first POMO – as in Permanent Open Market Operation, not to be confused with Temporary – from previously announced T-Bill purchases ($60 […]
by Tyler Durden Just over a month ago, Deutsche Bank’s chief economist David Folkerts-Landau, unleashed an epic rant against the ECB, warning of social unrest and another great depression unless the ECB changes its […]
CHARLES HUGH SMITH In effect, helicopter money turns the entire economy into a Ghost City. The possibility that Japan might launch helicopter money stimulus sent global stock markets soaring in a paroxysm of pleasurable anticipation. But exactly what […]
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