Tag Archives for " Fed balance sheet "

Goldilocks, or just cognitive dissonance?

So 9 years after Mario Draghi salvaged markets with his infamous “Whatever it takes” promise by the ECB, his current counterpart at the US Federal Reserve, Jerome Powell is attempting to repeat the trick, with his testimony to US House of Representative this Monday (21st June) where he promised “We at the Fed will do […]

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Zero bond yields are not without a cost. Mind the Gap!

Interesting article yesterday on Bloomberg reporting that billionaire Stan Druckenmiller has dumped equities in favour of US treasuries, where he sees 10 year yields dropping to zero over the next 18 months. The two big assumptions however, is that Trump won’t get re-elected in 2020 and that US yields will converge down to those in […]

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