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We know from experience that liquidity-fuelled asset markets usually end badly
Investors are still snapping up two-week loans from the US central bank
Mike Mackenzie’s daily analysis of what’s moving global markets
Decreasing scope for easing triggers call to boost fiscal stimulus options
Martin Armstrong, the market forecaster and former felon, is waging a war on MMT. But getting the details will cost you.
US central bank averted a year-end cash crunch, but stepping back is now a challenge
Fed’s attempt to ease the strain in this market not seen as enough
Its room for manoeuvre on conventional monetary policy is small
For the Fed, banks’ reserves are “required” or “excess”. For participants in the repo market, it’s more nuanced.
Central bank’s short-term debt holdings soar as it tries to head off liquidity crunch
Moves to alleviate cash shortages could end up exacerbating them
Large holders of US Treasury bills say they are reluctant to sell them to central bank
US central bank faces another tricky communication challenge
Jay Powell announces action after last month’s turbulence in overnight ‘repo’ markets
Research warns of negative side-effects from bond-buying policies
Eric Rosengren denies supervisory rules were behind breakdown in overnight lending
Central bank might have acted more quickly if the repo market were its primary target
Central bank urged to restart asset purchases to soothe short-term funding glitches
Liquidity has been pooled at the big banks — not the participants that need it
Central bank adds two-week lending facility after making overnight loans for a fourth day
Quantitative easing means there is a greater chance of the global financial machine misfiring
Interest rate spike is a sign the central bank needs to resume asset purchases
Trump leans on the Fed ahead of his re-election year
