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September 18, 2022

The Fed Is Fuct Part 3


Part 1        Part 2 Investors like to focus on QE and QT, because the quantity of money has an immediate effect on risk assets. In the same way, we like to focus on the Fed Funds Rate as the price of money also has a dramatic effect on risk assets. Oddly, we rarely focus on the actual banking function of the Read More
Categories: Comments On Events
Positions Mentioned:
June 21, 2021

JPOW Jests…


Thursday afternoon, there was a press conference. Some dots were moved about on a piece of paper and JPOW threatened a few basis points of yield in a year or two. I didn’t bother to tune in because I had a hunch that nothing would happen. I was correct. Absolutely nothing happened at the meeting. If not for the price action in some securities Read More
Categories: Comments On Events
Positions Mentioned: