Tag Archives: Money Markets

Turmoil In The Money Markets & Financing Burgeoning Budget Deficits

Posted on September 26, 2019 by macromon

Sit up and listen, folks.  We may be in the midst of a Black Swan event. Nobody knows for certain what is creating the turmoil in the repo and money markets but we suspect much of it has to do … Continue reading →

Posted in Bonds, Uncategorized | Tagged , | 3 Comments

The Magical Monetary Policy Mystery Tour

Posted on September 24, 2019 by macromon

Wow!  Just heard a so-called “banking expert” say that the Fed was reducing reserves on their balance sheet during quantitative tightening (QT), which has led to the current chaos in the overnight repo market.   Not entirely true. Asymmetric Libalibity Balance … Continue reading →

Posted in Fiscal Policy, Uncategorized | Tagged , , | 2 Comments

Beware Mocking Bubbles & Bears

Posted on September 19, 2019 by macromon

Once again, seeing lots of articles and talking heads mocking bubbles and the bears, which is usually a sign a big bubble is going to burst.  The last time we saw this kind of taunting of the bears was three … Continue reading →

Posted in Equities, Uncategorized | Tagged , , | 15 Comments