Archive for January 2020
The #1 Account All Wealthy People Have (That You Probably Don’t)
Can you imagine your little old traditional or Roth IRA is worth millions of dollars? It happens for some people. According to the US Government Accountability Office (GAO), 791 individuals have IRA balances between $10 million and $25 million, while 314 are worth over $25 million. That was in 2011. There are probably many more today.…
Read MoreGold Surges Due To Troubled Fed Repo And U.S. Treasury Market
Gold continues to move higher due to trouble in the Fed repo and U.S. Treasury market. In the first hour of business today, the Fed has already injected $57 billion in the repo market. While the Fed’s repo market injections didn’t spike during the last few days of 2019, as many analysts forecasted, there’s still…
Read MoreRepo Panic Returns As Fed Injects $99BN In Liquidity, Including First Oversubscribed Term Repo In Three Weeks
And just like that, the repo market is on the fritz once again. More than two weeks after the last oversubscribed term repo operation on December 16, moments ago the Fed announced that Dealers are once again scrambling for liquidity, submitting $41.12BN in securities ($30.7BN in TSYs, $10.42BN in MBS) into today’s 2-week repo operation,…
Read MoreThe Dollar’s Losses May Just Be Getting Started
(Bloomberg) — The dollar had an awful December and things may only get worse. The currency is set to extend losses as a truce in the U.S.-China trade war and signs that global growth is improving sap demand for haven assets, according to ABN Amro Bank NV. At the same time, the Federal Reserve has taken a…
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