DTUL News and Press, Barclays Bank PLC ZC SP REDEEM 13/08/2020 USD 50 - Ser A 06740L469 From 03/01/19

The fiat money quantity is comprised of fiat money both in circulation and available for circulation, being parked at the central bank in the form of the reserves of depository institutions. The expansion of US$ FMQ since 1960 is shown in the chart below. [i] Before the great financial ...

Given the volatility of equity markets, many investors are on the lookout for new fixed-income opportunities. As such, fixed-income exchange-traded funds (ETFs) have grown in popularity as investors have increasingly added them to their portfolios. For insight on the expanding use of these v...

So, as I am known to do, I will peruse various postings for something interesting and then write about it. And, while I cannot say what GATA writes is “interesting,” I can say it always provides fodder for presenting why so many do not understand the gold market. In its latest ...

Early in May 2013, the word "taper" exploded into the mainstream. It was everywhere, scarcely an article written or news story pieced together which hadn't included the term (even though Ben Bernanke never actually said it ). The so-called tantrum spread like wildfire simply because of what i...

George Selgin is the director of the Cato Institute’s Center for Monetary and Financial Alternatives, professor emeritus of economics at the University of Georgia, and a returning guest to show. For this special live episode, George joins Macro Musings to talk about his new book, *...

I've been working on the follow-up book to Shut Out. Some version of this graph will probably be in it. It shows that the deep drops in equity values didn't come from the disastrous September 2008 Fed meeting after the Lehman Brothers failure. They came during the period when the Fed began pay...

By Landon Whaley There has been a ton of ink spilled (digital and literal) on speculation about changes to the Federal Reserve's policy and the timing of those changes. But despite all this coverage, no one seems to be discussing the balance sheet. No matter what the Fed does (or doesn't...

By Mary Anne, Pamela Aden This is not uncommon. It's happened many times before, and it's happening again. A while back, for instance, the Fed head, Jerome Powell, said he didn't think the Fed should be involved in the markets. And once he took over, he continued raising interest rates. ...

In our December MIR titled Genghis John and Building Snowmobiles during the midst of the market rout, I wrote the following noting the key macro variables we didn't and couldn't know at the time: We can't predict with high certainty exactly how the Fed will react to slowing global data e...

Editor's note: Originally published at tsi-blog.com on February 26, 2019. Based on the par value of maturing securities on its balance sheet, there was scope for the Fed to withdraw as much as $43 billion from the financial markets on 15th February. A week ago, we noted that this "liquid...