As of last Wednesday, according to Fed data, the Fed was sitting on $6.97 trillion of debt instruments it had predominantly purchased at very low fixed rates of interest…
Nomi Prins’ New Book: “No One Wanted to Call the Fed’s QE a Ponzi Scheme. But It Was.”…
Wall Street veteran Nomi Prins’ new book is being released today with a title that should give every member of the Senate Banking and House Financial Services Committees pause: Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever. The book does what neither of these Committees has done for the American people…
Fed Data Shows a Half Century of Moderate Growth in the Fed’s Balance Sheet through Two World Wars – Then a Seismic Explosion Under Bernanke, Yellen and Powell…
Last month the Federal Reserve Bank of New York released its 2021 annual report from its “Markets Group.” That’s the group that operates a trading floor (complete with speed dials to the trading houses on Wall Street) at the New York Fed, located not far from the New York Stock Exchange, as well as another trading floor on the premises of the Chicago Fed, which is not far from the futures exchanges in Chicago…
These Stock Patterns Are Impossible – Without Brazen Manipulation that the SEC Is Choosing to Ignore…
Beginning in November of 2008, the Fed was allowed by Congress to manipulate the U.S. bond market through purchases of bonds with money it creates at the flick of an electronic button. The Fed calls this “Quantitative Easing” or QE…
Global Megabanks Are Tanking – The Same Ones the Fed Bailed Out in 2019. And Why Are American Taxpayers Bailing Out Foreign Banks?…
As long-term readers of Wall Street On Parade know well, we have regularly warned that the failure of Congress to meaningfully reform Wall Street by restoring the Glass-Steagall Act poses a national security threat to our nation in times of crisis…
The Fed Lied… QE Didn’t End… Protect Your Portfolio From Inflation Now!…
If you’ve been wondering why stocks suddenly exploded higher last month… wonder no more! We were told the Fed ended its Quantitative Easing (QE) on March 9th 2022. That’s a strange claim given that the Fed’s balance sheet has expanded by $55 BILLION since that time. Heck, the Fed just bought ~$25 billion worth of Mortgage Backed-Securities (MBS) last week…
The Fed Just Published 36 Years of Its Money Data. It Shows a Spike in Repo Loans Is an Early Warning of an Impending Market Crash…
On July 29 the Federal Reserve released its Annual Report for 2020. The Appendix contains 13 statistical tables that would make most folks’ eyes glaze over…
Fed Leaves All Policies Unchanged, Will Keep QE Until “Substantial Further Progress” Made…
“The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time,” Fed officials reiterated in their December policy statement, released Wednesday afternoon…
JPM Sees Stock Surge In 2021 As Trillions in “Unlocked” Liquidity Flood into the Market…
Although it has had a negative impact in the short term, the reemergence of lockdowns and resultant growth weakness could bolster the above equity upside over the medium to longer term via inducing more QE and thus more liquidity creation…
Kudlow: Fed’s T-Bill Purchases Are “Basically” QE…
Back in October, when the Fed restarted permanent open market operations in the form of $60BN in T-Bills purchases each month, Powell scrambled to convince the market that his panicked effort to inject reserves into banks (such as JPMorgan which single-handedly triggered the repo crisis) so that trillions in levered hedge fund pair trades did […]