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Central Banks

The Fed is Acting Precisely on the Forecasts of Socrates

The Federal Reserve called a third emergency meeting to combat the economic impact of the unprecedented hyped coronavirus. A lot of emails have come in noting that...

The Coronavirus Panic & the Dollar Panic

  Following Mondays near 3k point drop in the DOW, today’s attention is brought back to the Repo market and the demand for US Dollars is off the charts!...

The Fed Makes a Fool of Itself – There is no Santa Claus

This is the very essence of a financial crisis. Despite the fact that Trump cheered the Fed and they cut rates to ZERO, the risk was what would happen if the market...

Fed Announcement – Speaking in Tongues

QUESTION: Marty, you recently said that there was a shadow repo market. Nobody has ever heard of this. In the Fed’s statement, there is a curious announcement...

Federal Reserve to Return to its Original Design

The Federal Reserve will return to its origin and it will do what it was originally designed to do. They will lend now on commercial paper rather than just...

Coronavirus, Hedge Funds Blow Up & the Elephant in the Room Nobody Notices

I do not like to contribute to conspiracy theories. They are more often just wrong. I have mentioned that there was massive liquidation last week, but it is not...

The Fed & Helicopter Money

QUESTION: You said that the Fed does not print money out of thin air on its own. The goldbugs say you are wrong. I suspect that they are wrong not you. You seem to...

Central Banks & Their Erectile Dis-function

QUESTION: Marty, you are absolutely a Godsend. Nobody updates during the day of a panic but you. While everyone thinks the increase in the repo and cutting rates...

PRIVATE BLOG – Fed Panics as Repo Crisis Expands for End of Quarter

PRIVATE BLOG – Fed Panics as Repo Crisis Expands for End of Quarter Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates...

Can Interest Rates Rise when Central Banks are the Only Market Maker?

  QUESTION: How can interest rates can rise when central banks are the only market maker, & pension funds FORCED to buy gov.debt by their statutes? but why...