Here's the "No BS" macro news for today.
-The Fed projected, back in early 2024, that they would likely end balance sheet reduction around this time and transition toward gradually increasing their b...
"Liquidity management" is the polite euphemism for monetization.
It's fascinating how they’ve decoupled the act of printing from the definition of QE. The mandate has quietly shifted from 'stable prices' to 'stable collateral'.
It's fascinating how they’ve decoupled the act of printing from the definition of QE. The mandate has quietly shifted from 'stable prices' to 'stable collateral'.
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