Treasury Shorts, Negative Repo Rates, And The Poor Money Market Funds [View article]
There is a caveat here: traders are likely borrowing these specials from primary dealers who bid at special auctions to borrow from the Fed's SOMA portfolio...so the traders are a level removed from the Fed borrowing.
Why Hyperinflation Is No Myth: The Shadow Banking Component [View article]
I really cannot stress enough that the important takeaway here is about shadow banking... I'm not sure people are getting that. Anyway, thanks for reading
InterOil: Asset Sell-Down Or 100% Takeover? [View article]
I sure did. And I still believe that the company is worth nearly nothing. A short position that doesn't pay in a year is no different than a long position that doesn't immediately go up. Things take time to play out. Bad timing is different from a flawed thesis. As anyone who knows the history of this company is no doubt fully aware, I am certainly not alone in my skepticism. That said, I have no positions whatsoever now.
Why Hyperinflation Is No Myth: The Shadow Banking Component [View article]
I think this deserves a re-read if you don't understand the danger of substituting depositless credit creation with deposit dependent credit creation. That is the point of this piece.
Bernanke And The U.S. Taxpayer: Europe's Unsung Heroes [View article]
Bernanke And The U.S. Taxpayer: Europe's Unsung Heroes [View article]
Kabuki Theater: Analyzing Bernanke's Senate Testimony [View article]
Kabuki Theater: Analyzing Bernanke's Senate Testimony [View article]
The Bear Who Cried Wolf: Everything Is Fine Until It Isn't [View article]
The Bear Who Cried Wolf: Everything Is Fine Until It Isn't [View article]
Heinz Acquisition Marred By Allegations Of Insider Trading [View article]
How the Fed Could Fix The Economy -- And Why It Hasn't [View article]
Treasury Shorts, Negative Repo Rates, And The Poor Money Market Funds [View article]
Treasury Shorts, Negative Repo Rates, And The Poor Money Market Funds [View article]
Treasury Shorts, Negative Repo Rates, And The Poor Money Market Funds [View article]
Why Hyperinflation Is No Myth: The Shadow Banking Component [View article]
Why Hyperinflation Is No Myth: The Shadow Banking Component [View article]
InterOil: Asset Sell-Down Or 100% Takeover? [View article]
Why Hyperinflation Is No Myth: The Shadow Banking Component [View article]