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reverse repo program

No Surprise To Find Dealers Hoarding For A Third Time

By |2016-02-08T13:03:56-05:00February 8th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

If the world is poised upon the precipice of “deflation” and the ugly economic consequences of reduced “money supply”, at the middle of all that are the primary dealers – still. While it is technically correct to claim that the Fed expanded its balance sheet to $4.5 trillion, with $2.4 trillion left after autonomous factors for bank “reserves”, that actually [...]

More Evidence For Liquidity Regime Change

By |2014-11-21T12:37:17-05:00November 21st, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

There is so much depth that is missing from the ongoing discussion about the state of “markets” as the Federal Reserve purportedly moves toward “normalizing” its regime. That isn’t all that surprising given that most people still have never heard of these various moving parts, and certainly cannot easily grasp the concepts without some degree of studied initiation. While you [...]

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