Blog/Interest Rates

Why the Fed Is Not Lowering Rates

  COMMENT: Thanks so much for your explanation of the Repo Crisis which is now self-evident that the Fed has reversed course and did not cut rates. You are [...]

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European Banks to be Prohibited from Dealing in Repo?

QUESTION: Mr Armstrong, I have great respect for your work. Can you explain how the Fed’s QE fits into the cycle of things. It seems to me that their [...]

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Repo Crisis – Best Kept Secret Ever!

COMMENT: Marty; I want to thank you for a great conference. It is clear you are the only true institutional adviser. Our board is very impressed. The FT reported [...]

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QE v Managing Benchmark Rates

QUESTION: The Fed buying $60 billion in T-Bills each month is obviously not long-term QE. They are expanding their balance sheet, but this is clearly not the QE as [...]

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REPO Crisis

QUESTION: Martin, I heard an interesting argument recently about the Fed injecting money into the repo market. This person said that Dodd-Frank allows the fed to [...]

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Negative Interest Rates is the Way to Kill a Reserve Currency

Christine Lagarde said back in August that the European Central Bank still had room to cut rates if needed. However, she added that this could pose a challenge to [...]

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Fed Cuts Rates 25 basis Points

The Federal Reserve, as expected, cut rates a quarter-point. The Fed also warned that further moves to ease interest rate policy may be coming to an end. The rate [...]

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Split Between Official & Real Interest Rates

QUESTION: Mr. Armstrong; When I first brought this topic up at our board meeting about the split in interest rates between private and public, there was skepticism [...]

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The Dollar Shortage & Liquidity Crisis?

The NY Federal Reserve announced last week that they will continue their repo operation until October 10th, 2019. The repurchase agreements will amount to up to $75 [...]

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The Panic in Interest Rates is Just Getting Started

QUESTION: Marty; You warned that there would begin a cash shortage and real rates would rise in the private sector starting in September after Labor Day. Ok, [...]

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