BLUF: IS IT Different This Time? What is your Pain Level?
FED, Trade Mini-Deal, Convexity, TOMOFUUKINPOMOWTF…Adapt or Die!!! Head Shots Only!
Note: The T-bill purchase was treated by the debt market as an easing of policy. On the contrary, rates across the curve increased last week. Quantitative easing was driven by the desire to boost the asset side of the Fed's balance sheet. The current operations are driven by the need to create new liabilities (excess reserves). (Mark Chandler)
“Truth is not really a commodity;” upon reflection, “Nobody wants it.”
Simpleton-Leadership
5. SITUATIONAL AWARENESS -Being Diligent…360-“Got your Six”
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