QE During the “Everything Mania”: Fed’s Assets at $7.7 Trillion, up $3.5 Trillion in 13 months by Wolf Richter • Apr 2, 2021 • 172 Comments But long-term Treasury yields have surged, to the great consternation of our Wall Street Crybabies.
First Signs that Surging Mortgage Rates Are Dialing Down the Heat under the Housing Market by Wolf Richter • Mar 21, 2021 • 142 Comments The Fed smiles upon rising long-term Treasury yields as sign of economic growth and rising inflation expectations.
Powell in WSJ Op-ed: “I Truly Believe that We [the Rich] Will Emerge from this Crisis Stronger and Better, as We [the Rich] Have Done so Often Before” by Wolf Richter • Mar 19, 2021 • 338 Comments Gimme a break, will ya? Wherein I rant, supported by the Fed’s own data.
What’s Behind the Huge Spike in Reserves, a Liability on the Fed’s Balance Sheet? by Wolf Richter • Mar 12, 2021 • 179 Comments The New Regime at the US Treasury Department.
Yellen Coddles Up to Powell on Rising Long-Term Yields as a Welcome Sign of Recovery. Wall Street Crybabies Not Amused by Wolf Richter • Mar 6, 2021 • 206 Comments To let some hot air out of the markets? As long as it isn’t “disorderly.”
Fed’s QE: Assets Hit $7.6 Trillion. Long-Term Treasury Yields Spike Nevertheless, Wall Street Crybabies Squeal for More QE by Wolf Richter • Feb 26, 2021 • 182 Comments From crisis to crisis, and even when there’s no crisis.
Who Bought the $4.5 Trillion Added in One Year to the Incredibly Spiking US National Debt, Now at $27.9 Trillion? by Wolf Richter • Feb 17, 2021 • 173 Comments Someone had to buy every dollar of this monstrous debt. Here’s Who. The Fed isn’t the only one. But China continues to unwind its holdings.
10-Year Treasury Yield Hit 1.21%, More than Doubling Since Aug. But Mortgage Rates Near Record Low. And Junk Bond Yields Dropped to New Record Lows by Wolf Richter • Feb 13, 2021 • 266 Comments Bond Market Smells a Rat: Inflation. So the Fed seems OK with rising long-term Treasury yields.
“The Fed’s Monetary Punchbowl Is Fueling Rampant Home Price Appreciation”: AEI by Wolf Richter • Feb 2, 2021 • 248 Comments “There is no justification” for continuing the purchases of mortgage-backed securities. The Fed is “misdiagnosing its impact on the housing market.” Pressure rises on the Fed to back off, in face of market craziness.
Update on Fed’s QE: The Crybabies on Wall Street, which Clamored for More, Are Disappointed by Wolf Richter • Jan 29, 2021 • 183 Comments And five SPVs expired, including the one that bought corporate bonds and bond ETFs.