"The Fed is planning what looks like some extreme operations. They are certainly proving a willingness to splash out. Soon we’ll find out just how clever they have been..."
With the Fed flooding the system with liquidity to fund short-term repurchase operations, this is not normal and suggests that something has “broken” in the system...
Compared to this time last year, the prospects for markets and the global economy heading into 2020 are surprisingly bright. But look further ahead and you will encounter deep uncertainty...
"There is this general euphoria because economic policy uncertainty has come down, but I do think it could lead to frothy markets that could be made vulnerable if something goes wrong."
The vampire squid said on Monday it will provide $750 billion in financing, advisory services and investments for initiatives that fight climate change.
"The Fed is learning that the banks are interpreting the rules in such as way that they really need to keep more liquidity than was once thought necessary..."
