My Fancy-Schmancy “Fed Hawk-o-Meter” Ticks Down, Still Red-Lines. In Passing, Fed Plants Seed for Removing “Patient” by Wolf Richter • Feb 20, 2019 • 77 Comments Oh dude, glad no one saw it.
Fed’s QE Unwind Reaches $434 Billion, Remains on “Autopilot” by Wolf Richter • Feb 7, 2019 • 51 Comments Getting rid of MBS faster and shifting to short-term Treasury bills will be on the list.
Oops: Low Interest Rates a “Factor” in Slowdown of Economic & Productivity Growth: NBER by Wolf Richter • Feb 5, 2019 • 83 Comments Powell, Draghi, Kuroda, et al.: Did ya see this NBER study?
Who Bought the Gigantic $1.5 Trillion of New US Government Debt Issued over the Past 12 Months? by Wolf Richter • Jan 31, 2019 • 136 Comments China, Japan, other foreign entities dumped US Treasuries. But someone had to buy. Here’s who. So far, so good.
Fed’s QE Unwind to Continue on Autopilot, Rate Hikes on Hold for “Common-Sense Risk Management”: Powell by Wolf Richter • Jan 30, 2019 • 111 Comments QE may restart only if things get really ugly – think Financial Crisis.
THE WOLF STREET REPORT by Wolf Richter • Jan 27, 2019 • 68 Comments And then the Stock Selloff Starts All Over Again.
Yield Curve Spaghetti by Wolf Richter • Jan 15, 2019 • 67 Comments The one-month yield is 21 basis points higher than CPI, not seen since 2009.
Fed’s Powell: Balance Sheet to be “Substantially Smaller.” How Small? He Gave Big Clues. My Dive into the Dynamics & Charts by Wolf Richter • Jan 11, 2019 • 67 Comments In fact, QE started reversing at the end of 2014.
At Taxpayers’ Expense, Fed Paid Banks $38.5 Billion in Interest on “Reserves” in 2018. Here’s How by Wolf Richter • Jan 10, 2019 • 106 Comments The Slickest Annual Wealth-Transfer from Taxpayers to the Banks via the Fed.
Rally in Stocks Takes Heat Off Fed, Now They Talk Rate Hikes Again, Market Expectation of a Rate Hike Spikes by Wolf Richter • Jan 9, 2019 • 53 Comments But all bets are off if something big breaks.
