The hope in early January has been unwound.
“A development that is surprising during a strong economy and labor market”: New York Fed
“Liquidity issues at bond mutual funds could result in wider contagion and affect other parts of the financial system and the macro economy.”
Consumers are doing their job only in a lackadaisical manner. But the student-loan scheme is hot.
Powell, Draghi, Kuroda, et al.: Did ya see this NBER study?
Wow, that was fast. Margin calls.
The one-month yield is 21 basis points higher than CPI, not seen since 2009.
What SpaceX is trying to do has “bankrupted other organizations,” it said.
In fact, QE started reversing at the end of 2014.
The Slickest Annual Wealth-Transfer from Taxpayers to the Banks via the Fed.