Fed Watch

If executed perfectly, this swap allows the Fed to neutralize a shrinking money supply by swapping $2 trillion in mortgages for $2 trillion in government debt. 

If executed perfectly, this swap allows the Fed to neutralize a shrinking money supply by swapping $2 trillion in mortgages for $2 trillion in government debt. 

A soft coup took place in D.C. last night, and Jerome Powell could stay in the bunker until 2028, if he so chooses.

Whether rates go up or down, neither outcome will be pleasant, leaving a bondholder caught between the Unthinkable and the Unimaginable.

Whether rates go up or down, neither outcome will be pleasant, leaving a bondholder caught between the Unthinkable and the Unimaginable.

39 going on $40 trillion is an achievement only in the sense that many once thought we’d never see numbers this large. 

A $2.3 trillion contraction met with a $2.5 trillion injection.

Within two months of operation, DOGE has generated sufficient savings to fully repay the debt owed to Mexico or Germany.

With Central Bank Digital Currency (CBDC) banned by executive order, the Fed may have more incentive to explore alternatives in the cryptocurrency market.

A recent underco