News
Reminiscing
Time for a little blast from the past. Below are two articles from the archives that I stumbled across this week.
It just goes to show how mainstream opinion of central bank intervention - and the level of intervention itself - has evolved over the years.
Hope you enjoy this week's issue.
As always, thanks for reading.
Joe Brown
U.S. Fed reverse repo volume hits record $1 trillion as debt ceiling looms
Volume at the U.S. Federal Reserve's reverse repurchase facility topped $1 trillion on Friday for the first time as investors and financial institutions continued to pour cash into the overnight window.
Shrinkflation, Inflation’s Sneaky Cousin, Is on the Rise
Inflation has been on the rise for the past year and in the last few months it has accelerated. In June 2021, inflation, measured by the Consumer Price Index (CPI), hit the highest level since 2008.
THE FED'S WAR ON JUNK BONDS; RESPONDING TO A FALSE ALARM ON DEBT (Archives, 1985)
IN adopting the Williams bill, the 1968 law that established the basic Federal regulations for tender offers, Congress made clear that it was Federal policy to proceed without ''tipping the balance of regulation, either in favor of management or the person making the bid.''
Picking the Market’s Pocket Again (Archives, 2005)
July 12, 2005 – Alan Greenspan gets blamed for many things. You know the usual drill – interest rates are too high, inflation is getting worse, the economy is not creating enough jobs, etc.
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