Why Are We Speculating About When The Fed Will Raise Rates When The Real...
Back in the good old days the Fed more or less controlled interest rates by keeping reserves tight and by adding or removing reserves daily, mostly via its open market repo operations. The Fed would...
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Here’s Who The Real Smart Money Is, and Why I Would Not Bet Against Them
The issue of long and short positions on the ES- Emini S&P futures of large traders came up In the course of my Twitter conversations. When I researched it, I found something that absolutely amazed...
View ArticleHere’s How To Play The Game Where The Fed Keeps Moving The Goal Posts
I gave Lindsay Williams my thoughts on how the Fed is changing the rules and what to do about it in this interview on Fine Business Radio on Thursday, March 18, 2015. Listen to Lindsay daily on Fine...
View ArticleHere’s Why The NY Fed’s Head Trader Is Now Doing A Dog and Pony Show That You...
Jonathan Spicer (@jonathanspicer on Twitter) is one of the best Fed reporters in the mainstream media that you have never heard of. Spicer wrote a piece in Reuters today describing a dog and pony show...
View ArticleThe Biggest Uncovered Story Of Them All Starts To See Daylight
The New York Fed is doing a dog and pony road show to explain to market insiders, that yes, Virginia, it really does have the tools to control interest rates when there are $2.7 billion in excess cash...
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Here’s Why ECB Balance Sheet Growth on New QE Can’t Be Called “Success”
The ECB reported today that it “successfully” purchased €60 billion in bonds in March, meeting its goal under the new QE program. Mainstream finanshill media headlines repeated the “Success!” mantra....
View ArticleHilsenrath Shows Up On Schedule to Ask How Fed Will Raise Rates
On March 26, I wrote the following on the issue of how the Fed will raise rates: This is a subject that I have been ranting about for months. The mainstream media has avoided it assiduously in spite of...
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St. Louis Fed is Doing It Backward
Each week the St. Louis Fed produces what it calls the Financial Market Stress Index. It issues a press release updating the index. This week it read like this. Financial market stress fell slightly...
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The Cost of Soup Doesn’t Matter When You’ve Drunk Too Much
While everyone has been busy speculating about whether the Fed would try to raise the cost of money, we have lost sight of the most important fact. It’s not the cost of soup that matters. Our bellies...
View ArticleWhy Are We Speculating About When The Fed Will Raise Rates When The Real...
The Wall Street Journal raised this issue today, so I am recycling a post I wrote back in March, which itself was a rehash of thoughts I had expressed before. This will be timely until it isn’t, which...
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