It is ironic the Fed puts out this data, as if to show off its success, and how every time the wealth of the 1% is threatened, the Fed comes up with new bailouts, rate cuts, and other shenanigans.
Even the upper middle class loses share of household wealth to the 1%. The bottom half gets screwed.
The fastest increase in assets for any two-month period since the post-Lehman freak show in late 2008 and early 2009.
Whose Bets are Getting Bailed Out by the Fed’s Repos & T-Bill Purchases?
It happened. Hallelujah. Or maybe better: Watch Out! Yield Curve Spaghetti.
Whose Bets are Getting Bailed Out by the Fed’s Repos & Treasury Bill Purchases?
“Does that mean that we have bad markets?”
Cleveland Fed’s Underlying Inflation Measure Hits 3.0%, Hottest in the Data.
Ending the repo market blowout and un-inverting the yield curve.
The repo blow-out — whoever instigated it — comes in real handy.