The repo market is in disarray and Fed bailing is now approaching a half trillion dollars. Is this QE or a bailout? I suspect it’s a stealth hedge fund bailout. A big one.
Tell me that Janet Yellen and the Feds doesn’t sound like a totally groovy band. For the past few months they have been singing that they will be raising interest rates this year sometime. Don’t ignore their music just because you might not like it. It’s an important sound man. It is more than hard to know exactly when interest rates will be raised, it’s impossible. However, I am moving […]
As I sit in my Green Bay Packers t-shirt at my keyboard I am still quietly lamenting that I will not be watching my team in the Super Bowl today. There is some consolation, I do like Russell Wilson, I have friends from Boston who will feel good if the Pats win and at least I’ll get to hear Katy Perrry Roar even if I can’t see a Packer score. […]