The takeaway: The role of government is to feed the bond markets … Markets are not the creation of people. … More
Tag: fed funds
The Community Reinvestment Act not an example of political outcome for blacks
Black politicians concerned about protecting their communities via banking should have been advocating that the Federal Reserve increase rates hard and fast. While the increase in rates would have been accompanied by a decrease in house prices, non-blacks would have thought twice about buying up black neighborhoods while black homeowners using data evincing falling values could have petitioned for lower property taxes based on those falling values.
Interbank market news scan: Rates on Treasurys continue to inch up in week prior to Fed Day
On this first impression I expect both chambers of Congress to make the supposed banking crisis less of an issue especially as we move further into the campaign season. Congress, particularly congressional Democrats, do not want to be perceived as facilitators of a worsening political economy.
Interbank Market News Scan: All quiet on the Federal Reserve front …
The media is saying this …. The Chicago Mercantile Exchange’s FedWatch tool has done a 180 degree turn from its … More
The Interbank Market News Scan: An arbitrage moment for U.S. banks
Morning thoughts … When I listen to the YouTube posse opine about the Federal Reserve’s use of its monetary policy … More