“Rates have been extremely low for a long time — it’s hard to know how many investors and companies are truly prepared for a higher rate environment.” By Wolf Richter for WOLF STREET. Jamie Dimon, in his letter […]
First things first: unlike the last two months when both the January and February jobs prints were beyond ridiculously manipulated and goalseeked to pass a terrible number as a strong one, the March print was not a complete disaster. […]
In case you thought anybody in Washington was driving this thing, they are not. It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the […]
Pricing power in a market long dominated by Western institutional money is moving East and the implications are profound The gold price has risen to a series of new all-time highs of late, a development […]
Billionaire hedge fund manager Steve Cohen said Wednesday that it will be difficult for the Federal Reserve to get inflation back down to its 2% goal. “The Fed thinks it’s eventually going to come down to a […]
In a recent CNN poll, 48 percent of respondents stated that they believe the economy remains in a downturn, and only 35 percent said that things in the country today are going well. The disparity […]
We’ve been pointing it out for so long – in fact, for most of our 15 years in existence – that it has become more of a chore than actual reporting, especially since the “number only go […]
Reserves, Domestic ON RRPs, Currency in Circulation, the TGA, and official foreign RRPs determine how far QT can go. By Wolf Richter for WOLF STREET. The Fed has been talking a lot about its liabilities recently, including Powell […]
The BRICS bloc is continuing its dominance and objective to eliminate the US Dollar, and now the US Treasury Secretary predicts the greenback may fall. Treasury Secretary Janet Yellen spoke on “de-dollarization” during a congressional hearing this […]
From mid-October through the end of January, the 6-month Treasury yield had dropped by about 43 basis points, from around 5.58% to 5.15% (green box in the chart below). This means roughly, that at the […]
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