Tag Archives: Repo

The Magical Monetary Policy Mystery Tour

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 , , | 1 Comment

Monitoring the Armageddon Trade – Day 5

Only one of the Four Horsemen of the our Armageddon Trade is misbehaving, that is, not confirming by moving in the wrong direction.  Stocks, which, some have touted as the new safe haven, have been hit the most and dollar … Continue reading

Posted in Black Swan Watch, Bonds, Currency, Dollar, Equities, Gold | Tagged , , , , , , | Leave a comment