Fed Sheds $20 Billion in Assets in August, Relentlessly Sloughs Off MBS, Adds Some Treasuries, Starts Shift to Short-Term T-Bills by Wolf Richter • Sep 5, 2019 • 106 Comments QE Unwind continues via the sharp drop in MBS.
Here’s What I’m Worried About. And It’s Not a Recession by Wolf Richter • Sep 4, 2019 • 127 Comments A rout in the hyper-inflated bond market can blow up everything at this point.
THE WOLF STREET REPORT: Here’s What I’m Worried About, and It’s Not a Recession by Wolf Richter • Sep 1, 2019 • 122 Comments A rout in the hyper-inflated bond market can blow up everything at this point.
Negative Yields Not Required: Even “Low” Interest Rates Screw Up the Economy by Wolf Richter • Aug 29, 2019 • 103 Comments How to make a mess in the era of low demand.
THE WOLF STREET REPORT: How Even “Low” Interest Rates Screw Up the Economy by Wolf Richter • Aug 25, 2019 • 111 Comments Interest rates don’t have to be negative to make a mess in the era of “Secular Stagnation.”
Repo Market Problems & Ballooning Inventories of Treasuries at Primary Dealers Make it into the Fed’s Minutes. My Fancy-Schmancy “Fed Hawk-o-Meter” Jumps by Wolf Richter • Aug 21, 2019 • 113 Comments Fed Warns about “Elevated” Asset Prices and High Business Leverage.
How Negative Interest Rates Screw Up the Economy by Wolf Richter • Aug 21, 2019 • 191 Comments Now they’re clamoring for this NIRP absurdity in the US. How will this end?
US National Debt Spiked $363 billion in Two Weeks, $1 Trillion in 12 months. But Who Bought This Pile of Treasury Securities? by Wolf Richter • Aug 17, 2019 • 94 Comments Nope, the Fed dumped. But there was huge demand elsewhere.
Financial World Gone Nuts: $15 Trillion Negative Yielding Debt by Wolf Richter • Aug 6, 2019 • 170 Comments 12 countries with negative 10-year yields. A race to hell.
Two Fed Governors Defy Wall Street, the Media & Trump. Eight Buckle: Powell Tries to Explain, Confusingly Throws “Couple of Rate Hikes” into Mix. Stocks Tank by Wolf Richter • Jul 31, 2019 • 137 Comments “It is not the beginning of a long series of rate cuts”: Powell.
