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Unfortunately An ‘Official’ End To The Rising Dollar Isn’t More

By |2017-05-17T19:15:03-04:00May 17th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

TIC data confirms that “reflation” captured more than just pricing sentiment. It appears to have occurred in bank balance sheet activity, and related official sector UST transactions. As to the latter, official holdings of US$ assets did decline on net in March 2017, the latest figures, including more selling of UST’s. The scale of the decline was less than we [...]

Describing ‘Reflation’

By |2017-01-11T17:43:14-05:00January 11th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Then-Federal Reserve Chairman Ben Bernanke testified before Congress on May 22, 2013, that taper was for officials a strong consideration. Though QE4, the UST portion of the restored balance sheet expansion, wasn’t yet six months old and he had promised, sort of, at the start of QE3 that both would be open-ended, sort of, his message to the legislature was [...]

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