The Fed Bought No Bond ETFs (None, Zero, Zilch) in August. ETF Holdings Actually Fell. Bought Almost No Corporate Bonds by Wolf Richter • Sep 9, 2020 • 57 Comments The Fed stepped away from the market after its jawboning created the biggest bond bubble ever.
Fed’s Total Assets Fall Again, Week 11 Since Peak-QE: Crazy Charts for Crazy Times by Wolf Richter • Aug 27, 2020 • 57 Comments “Two steps forward, two steps back”: Fed’s new song and dance, no?
The Zombie Companies Are Coming by Wolf Richter • Aug 26, 2020 • 84 Comments Easy money is a curse for capitalism (transcript of my podcast).
The Fed’s Asset Purchases: Week 10 Since Peak-QE by Wolf Richter • Aug 20, 2020 • 68 Comments Crazy charts to document our crazy times.
The Rich Got Richer During the Pandemic, Bailed Out by the Fed. How it Happened and Why That’s Bad for the Economy by Wolf Richter • Aug 19, 2020 • 174 Comments Over 30 million people lost their jobs while the wealth of America’s 600-plus billionaires ballooned by $434 billion, to $3.4 trillion.
Who Bought the Gigantic $4.5 Trillion in US Government Debt Added in the Past 12 Months? Everyone but China? by Wolf Richter • Aug 18, 2020 • 155 Comments Someone had to buy the Incredibly Spiking US National Debt. Here’s who.
THE WOLF STREET REPORT: The Rich Got Richer in the Pandemic. Why? by Wolf Richter • Aug 16, 2020 • 171 Comments Over 30 million people lost their jobs between mid-March and mid-May. But the wealth of America’s 600+ billionaires ballooned by $434 billion. How did this happen?
Week 9 Since Peak-QE: Update on the Fed’s Assets by Wolf Richter • Aug 13, 2020 • 86 Comments Repos at $0. SPVs fell for sixth week. Dollar liquidity swaps fell for 9th week. MBS unchanged for 3rd week. Treasuries rose.
Dollar’s Purchasing Power Drops to Lowest Ever. Inflation Heats Up, as Fed Wants, After Simultaneous Supply & Demand Shocks by Wolf Richter • Aug 12, 2020 • 186 Comments “We’re not even thinking about thinking about” slowing the decline of the dollar’s purchasing power — and thereby labor’s purchasing power.
Corporate Bond & Junk Bond Markets Driven into Foaming-at-the-Mouth Exuberance by Fed Jawboning about Huge Purchases. But it Actually Bought Just Tiny Amounts by Wolf Richter • Aug 11, 2020 • 74 Comments Here are the details on its purchases and holdings in July.
