Quantitative Easing

Is the $600 billion gorilla in the room going to be nothing more than a barrel of monkeys? The first instance of QE2 started today, and it went off with a whimper, as POMO first had a technical glitch, and isn't doing much,as stocks are continuing to slide, with the major market averages off around...

We are told that inflation is too low that it's intolerable, even though our grocery bills keep going up, portions of meals keep getting smaller in restaurants, and gas price is back to 2007 level. But then, of course, core inflation excludes food and energy, as none of the fed chairmen need to...

Since the beginning of the financial crisis in the fall of 2008, the United States government has been on a non-stop stimulus, quantitative easing, and asset support campaign unprecedented in scale and reach. Think about that for a second. Over the past 2 years the United States (along with...

Today's quantitative easing came in at just $2 billion today, as the Fed monetized $2 billion of 3 Year bonds. The ratio of Submitted to Accepted bids was a whopping 10x. Most desired CUSIP was 912828NY2. See Some of the Top Moving Indexes Here.

In today's Permanent Open Market Operation (POMO), the NY Federal Reserve bought $3.89 billion worth of Treasuries, which mature between 2014 and 2016. This is the highest daily level of quantitative easing on record, and caused a rise in long dated treasury yields, with the 30 year treasury going...