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Jeffrey Carter's avatar

Interesting, I took a recent peek at the $GE_F contract. Eurodollar futures are down big, .20 ticks or more. That's a huge move. Bond futures on their highs. Yield curve inversion. This is where short term interest approaches the rate of long term interest....which is a recession and a function of the Joe Biden Economy. Math and economics suck for the Marxists

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Jeffrey's avatar

If instead of interest rate hikes, the fed chose instead an auction program to reduce the size of its balance sheet to reduce cash outstanding. Say goal to reduce M2 back to pre 2019 levels - around 4 trillion. Possible and time frame? Would this crush the primary dealers? Would the losses exceed the past 10 year of treasury transfers?

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