Blame the Evil Empire
A subscriber asked my thoughts on this article at Zero Hedge. The Fed Has Monetized All Treasury Issuance In 2020 From the article... “We are ruined if we do not…
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June 15, 2020
The Sordid (pictorial) Story of the “Richest Country in the World”
Steve Saville's excellent post The monetary inflation moonshot (including the graph directly below) prompted me to go to the St. Louis Fed website and check out some COVID-era data graphs.…
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May 19, 2020
A Companion to the Continuum
The data sets at Yardeni.com are fabulous. You should keep it on watch and rummage through when you have spare time if you want to nerd out. The current backdrop…
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May 7, 2020
Saville: De Facto MMT
He's one of the smart ones, without any of the promotional stink stuck to 90-something % of the financial media, large or small. Check out Steve Saville's view on MMT,…
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May 5, 2020
QE up, Yield Curve down
While we await the final details of the fiscal policy panic from government, the Fed announced unlimited QE in its monetary policy panic. I am not using the words "panic"…
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March 23, 2020
NFTRH; and on cue, the package
Before the update I want to make a correction. A subscriber kindly corrected my error in reporting Zoom under the symbol ZOOM, when the correct one, per the report segment…
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March 22, 2020
Repo market goes nuclear!
Fed unleashes Bazookas... Thanks to friend and subscriber Michael Pollaro for sending this video. 1.5 Trillion in term repos... but there's more! The host mentions Operation Twist and that they…
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March 14, 2020
Give That Man a Banana!
In fact, it's bananas all around! Bananas for you. Bananas for me... Trump wants the US dollar lower. Period. The currency is one measure of the US relative standing in…
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March 3, 2020
Both Horsemen Riding South After Fed Rate Cut
Amid Friday's carnage we noted that curiously, only 1 Horseman (the Gold/Silver ratio) was riding northward (although it had made a reversal from the highs) while the other, the US…
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March 3, 2020
And… the Money Shot: Fed Cuts .5% to No One’s Surprise
Of course, we knew it was in the bag the whole time. But today the Fed plays its role of hyper-sensitive micro-manager of the leveraged system to perfection. Click headline,…
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March 3, 2020
100% Rate Cut Probability
The bond market has been calling (Oh Jerome?) and while they will pretend they are operating business as usual, the Fed is listening. So too are the futures wise guys…
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February 28, 2020
Jerome? Hello? Bond Market Calling…
30 year Treasury yield (daily chart) is making a new low. 30 year Treasury yield (monthly chart) is way out of the Fed's implied comfort zone. Subscribe to NFTRH Premium…
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February 24, 2020
COVID-19, the Exogenous Event That Became an Economic Event
Dow futures rise as China pledges to stimulate coronavirus-hit businesses China is again taking economic action as the market awaits the Fed Minutes this afternoon. The market has been mostly…
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February 19, 2020
“We will use those tools…”
Today from Fed Chairman Powell... Powell says Fed will aggressively use QE to fight next recession Federal Reserve Chairman Jerome Powell said Wednesday the central bank would fight the next…
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February 12, 2020