Senior editor, Ash Bennington, invites managing editor, Roger Hirst, to take a deep dive into options to gain clarity on what this market’s greatest, current…
The banquet of consequences for the Fed, the elites and their armies of parasitic flunkies and factotums is being laid out, and there won't be much choice in the seating...
In the sleepy month of July, foreigners were busy, dumping a record amount of US corporate bonds (perhaps to Blackrock which buys them on behalf of the Fed).
"The FOMC directed the Open Market Trading Desk at the Federal Reserve Bank of New York to continue to increase the System Open Market Account holdings of Treasury securities and agency mortgage-backed securities (MBS) at the current pace."
Today is the last FOMC meeting until after the election... begging the question of just how 'dovish' will Fed Chair Powell be - to keep the stock market dream alive (and potentially President Trump's re-election hopes).
"This is the most negative rebalancing flow since the virus crisis.... this negative rebalancing flow becomes even more problematic given this month’s sharp decline in equity market depth"
