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agency securities

Until This Changes, Forget Inflation: Banks Bought Epic Amounts of Safe, Liquid Assets in H1 ’21

By |2021-10-08T20:39:23-04:00October 8th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The first half of 2021 was inundated with government helicopters, more QE’s, and then CPI’s put up with guarantees the “inflation” was going to continue for a long time. Jamie Dimon, JP Morgan’s often hapless CEO, proudly declared US Treasuries beyond the touch of any 10-foot pole. With the economy on fire, he “reasoned”, who would ever want safe and [...]

Bonds vs. Economists; The Means to the End

By |2017-12-11T16:52:31-05:00December 11th, 2017|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

As part of its effort to stress its own self-importance, the Federal Reserve conducts a survey of the Primary Dealer members through its New York branch. A written questionnaire is sent out to each bank in advance of every monetary policy meeting. The purpose is for monetary policymakers to make sure that there aren’t any big surprises, that the market, [...]

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