Rough Day in the Bond Market: Treasury Yields Spike, 30-Year Fixed Mortgage Rate Nears 4%. Where’s the Magic Number? by Wolf Richter • Feb 5, 2022 • 243 Comments Fed’s coming tightening cycle sinks in, amid still brutally negative “real” yields, as bonds’ purchasing power gets eaten up by inflation.
Global Tightening amid Raging Inflation: February Update by Wolf Richter • Feb 3, 2022 • 224 Comments Brazil and Russia caught up via shock-and-awe rate hikes. But most central banks fell further behind. Then there are the reckless laggards.
Incredibly Spiking US National Debt Hits Monstrous $30 Trillion by Wolf Richter • Feb 2, 2022 • 253 Comments And now the TGA is spiking again.
Yields Spike, Stocks Dump, Futures Fall, Asia Sags, after Powell Explains How the Fed Will Crack Down on Inflation by Wolf Richter • Jan 26, 2022 • 257 Comments The balance sheet is “substantially larger than it needs to be,” and “there is a substantial amount of shrinkage to be done.” We’ll put some numbers to it.
The Fed’s Huge Income Statement for 2021 Is Out: Where its Revenues Came from and Where They Went by Wolf Richter • Jan 15, 2022 • 160 Comments “Net income” is a bizarre term for an organization that buys trillions of dollars of securities with money that it itself created.
Most Reckless Fed Ever: “Real” Federal Funds Rate Now the Most Negative Ever by Wolf Richter • Jan 12, 2022 • 159 Comments Even most junk bonds have negative “real” yields. And the Fed is still fueling this madness.
Wage Price Spiral Takes Off, Companies Point at it: Albertsons Shares -8%, JP Morgan’s Dimon Sees “Huge Pressure” on Labor Market by Wolf Richter • Jan 11, 2022 • 175 Comments The Fed finally sees it too.
Markets Suddenly Hear Hawkish Fed: Stocks Sag, ARKK Plunges, Yields Jump, Cryptos (the New Hedge Against Inflation) Fail to Hedge, Plunge in Sync by Wolf Richter • Jan 5, 2022 • 203 Comments Quantitative Tightening coming sooner, faster, and bigger, according to the Fed’s minutes today.
Fed Drains $1.9 Trillion in Liquidity from Market via Overnight Reverse Repos by Wolf Richter • Dec 31, 2021 • 162 Comments Banks unloaded cash today for quarter-end window dressing. Money markets funds are biggest counterparties, Fidelity, Vanguard, Blackrock on top.
My “Wealth Effect Monitor” & “Wealth Disparity Monitor” for the Fed’s Money-Printer Economy: December Update by Wolf Richter • Dec 27, 2021 • 281 Comments Billionaires got more billions, bottom half of Americans got peanuts and inflation.
