Starting in November, the Fed launches a monthly purchase program of short-dated US government bonds with a volume of 60 billion Dollars per month. Is this the return of the QE? The Fed denies this. With these purchases, it is primarily trying to provide the necessary liquidity at banks and shadow banks after the recent panic on the repo market. Will this trigger another crack-up boom for the Fed? The leading index S&P 500 went up to 3000 points yesterday due to the Brexit euphoria. But the US futures were lower after the US House of Representatives passed a resolution on Hong Kong that the Chinese government sharply rejected last night. Is the almost absurd situation now arising that the arsonist is no longer the Trump in the trade war?
So now it has happened: the US House of Representatives has “impeached” Donald Trump. But the stock markets remain calm and hardly react. All US Republicans voted unanimously against the impeachment, so the required two-thirds […]
Here are the highlights of the statement by the new Fed President Jerome Powell: Need to avoid overheating of the US economy, but inflation may still pick up. Further gradual increases in interest rates. Volatility […]
There has been a lot of talk of inflationary concerns about the sharp sell-off on Wall Street, but there has been almost more talk of the events surrounding the VIX, the upside crash of which […]