Update on the Fed’s QE Unwind by Wolf Richter • Jul 6, 2018 • 94 Comments With QE, the Fed created money to buy securities and pump up asset prices; now it sheds securities to destroy this money.
As the Yield Curve Flattens, Threatens to Invert, the Fed Discards it as Recession Indicator by Wolf Richter • Jul 5, 2018 • 51 Comments This Fed is getting seriously hawkish: It revealed that instead of thinking about backing off rate hikes, it’s replacing the yield curve.
PwC Hit with $625 Million in Damages for Negligence in Bank-Fraud Case Brought by the FDIC by Wolf Richter • Jul 2, 2018 • 63 Comments When it gets too complicated for senior auditors, send in a “college-aged intern.”
Chasing Yield during ZIRP & NIRP Evidently Starved Human Brains of Oxygen. Now the Price Is Due by Wolf Richter • Jun 18, 2018 • 41 Comments See Argentina’s 100-year dollar-bond and emerging-market dollar “turmoil” as the Hot Money flees.
Who the Heck Bought $1.2 trillion in New US Treasuries over the past 12 Months? by Wolf Richter • Jun 15, 2018 • 61 Comments Russia, Japan, and the Fed dumped. So who bought?
This Fed Grows Relentlessly More Hawkish by Wolf Richter • Jun 13, 2018 • 96 Comments Gone are the kid gloves.
Riskiest Junk Bonds Completely Blow Off the Fed, Face “Sudden” Reckoning by Wolf Richter • Jun 13, 2018 • 20 Comments Still dreaming in la-la-land.
Update on the Fed’s QE Unwind by Wolf Richter • Jun 8, 2018 • 101 Comments Just as the Fed created money to buy Treasuries and MBS during QE, it now destroys money as these securities “roll off” the balance sheet.
Deutsche Bank CoCo Bonds Plunge, Shares Hit Record Low, after US Entity Makes FDIC’s “Problem Bank List” by Wolf Richter • May 31, 2018 • 35 Comments The old question: When will she buckle?
