Part two of a two-part series on the repo market. So the Federal Reserve Board buys bonds, creating trillions in cash, which it then pays interest on to banks, who…
The Bond Market’s Plumbing Springs a Leak
Part one of a two-part series on the repo market. “A lot o’ people don’t realize what’s really going on. They view life as a bunch o’ unconnected incidents ‘n…
Abnormalization and QE4
It seems to be a policy of the Federal Reserve Board to never use a two-syllable word when a four- or five-syllable word is available. So we have “quantitative easing”…