Mid-Week Reality Check – 10/23/19
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Mid-Week Reality Check – 10/16/19
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Will Rate Cuts Be Enough?
October 14, 2019 The mainstream financial media is absolutely ebullient about global central banks’ renewed enthusiasm to cut interest rates to a level that is even lower than they already are. And, most importantly, Wall Street is completely confident that theses...Mid-Week Reality Check – 10/9/19
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Gold: It’s All About Real Rates Not the Dollar
The Federal Reserve’s recent need to supply $100’s of billions in new credit for the overnight repo market underscores the condition of dollar scarcity in the global financial system. This dearth of dollars and its concomitant strength has left most market watchers...Watching Paint Dry in the Repo Market Part 2
September 30, 2019 The Fed has now begun to pave the way for a return to Quantitative Easing. The reason for this was the recent spike in borrowing rates in the Repo market. At his latest press, Chair Powell said this about the spike in the Effective Fed Funds and...Mid-Week Reality Check – 10/2/19
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Watching Paint Dry in the Repo Market Part 1
September 23, 2019 The world of fixed income trading has been extremely volatile lately. Rates have not only spiked in the Treasury market, but borrowing costs in money markets have also become extremely disconcerting. The residual effects from Quantitative...Mid-Week Reality Check – 9/18/19
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