Click here to download the book instantly. I am excited to bring to you the first book from the RTD Book Club. In the book club I will share great free open source historical books to help you improve your monetary education. Please take a minute and share your...
The Federal Reserve has added $2.6 trillion to the US economy since the start of 2020. These actions, along with recent fiscal spending programs, have caused many economists to worry about the risks of price level inflation and overheating of the economy, potentially...
The Federal Reserve may have stoked one of the strongest corporate debt market rallies in decades, but it’s too soon to declare an all-clear for credit with the economy facing a potentially rocky road ahead. Sure, U.S. investment-grade borrowing costs have retreated...
US Treasury yields are plunging after The Fed announced what amounts to ‘Emergency QE’ to buy $33 billion in bonds at maturities up to 30 Years… 10Y yields have plunged 16bps on the headline… And 30Y yields are now down 3bps on the day, after...
Back in December, the BIS laid out a stunning, and heretofore unknown assessment of the factors leading into the September repocalypse: not only was the overnight repo surge to 10% a function of supply (or lack thereof), with banks – primarily JPMorgan –...
