Fed’s Balance Sheet Spikes as “Everything Bubble” Morphs into Financial Crisis 2 by Wolf Richter • Mar 20, 2020 • 188 Comments Drags out bailout creature from Financial Crisis 1: “Loans” to Primary Dealers.
Fed’s Repos Drop to Oct Level, T-Bills Surge, But MBS Fall, and Total Assets Decline Further by Wolf Richter • Jan 23, 2020 • 83 Comments Those counting on the Fed’s endless “Not-QE” or whatever to inflate the market might be disappointed.
The Wall Street Journal (and Other Media) Should Stop Lying About Repos by Wolf Richter • Jan 10, 2020 • 206 Comments My patience has been exhausted.
Fed Drains $45 Billion from Repo Market, back to Oct Level. T-Bill Purchases Continue. Assets Shrink by Most Since QT by Wolf Richter • Jan 9, 2020 • 78 Comments The week after the year-end Repo Chaos didn’t happen.
Fed Goes Hog-Wild with T-Bills, But Repos Drop from a Month Ago, and MBS Shrink by $22 Bn by Wolf Richter • Dec 5, 2019 • 126 Comments Bailing out its crybaby-cronies on Wall Street, even when there isn’t a crisis.
Fed Goes Nuts with Repos & T-Bills but Sheds Mortgage Backed Securities by Wolf Richter • Nov 7, 2019 • 135 Comments The fastest increase in assets for any two-month period since the post-Lehman freak show in late 2008 and early 2009.
What’s Behind the Fed’s Bailout of the Repo Market? by Wolf Richter • Nov 6, 2019 • 60 Comments Whose Bets are Getting Bailed Out by the Fed’s Repos & T-Bill Purchases?
THE WOLF STREET REPORT: What’s Behind the Fed’s Bailout of the Repo Market? by Wolf Richter • Nov 3, 2019 • 104 Comments Whose Bets are Getting Bailed Out by the Fed’s Repos & Treasury Bill Purchases?
Why Banks Didn’t Lend to the Repo Market When Rates Blew Out: JPMorgan CEO Dimon by Wolf Richter • Oct 15, 2019 • 89 Comments “Does that mean that we have bad markets?”
10-Year Yield Jumps, Yield Curve Steepens, on Fed’s Plan to Buy $60 Billion a Month, But Only Short-Term Treasury Bills by Wolf Richter • Oct 11, 2019 • 95 Comments Ending the repo market blowout and un-inverting the yield curve.
