We’ve pointed out more times than we can count that the Federal Reserve currently has around $9 trillion dollars of securities on its balance sheet. This includes trillions of dollars of mortgage securities its not allowed to own. The main reason that inflation has been so high this year has been the Fed’s increase of … Read more
At this point, you’ve probably read at least a dozen headlines explaining that the first half of 2022 is the worst for the market in over 50 years. The headlines and commentary we’re seeing are apoplectic. This came from Barron‘s last night: The first half of the year was terrible. Worst in decades for stocks. … Read more
We’ve been critical of the Federal Reserve’s zero interest rate policy which has gone on far too long combined with its $9 trillion balance sheet so many times that it’s not worth putting links here. A quick check of the DKI blog will show it’s been a topic of interest. Today, the Wall Street Journal … Read more
