article thumbnail

Lawler: Some Observations on the Federal Reserve’s Balance Sheet Wind-Down and Reinvestment “Strategy” (Still in Quantitative Easing Mode, Just Less So)

Calculated Risk

By way of comparison, Treasury bills accounted for 35% of total Fed Treasury holdings at the end of 2006. However, the Federal Reserve has instead continued a reinvestment strategy that materially reduces the average maturity of private sector government obligations (via its Treasury security holdings and its short-term liabilities).

article thumbnail

Vehicles Sales Increase to 16.80 million SAAR in December

Calculated Risk

The return to growth was aided by rising inventory, increased retail incentives and lower interest rates, while pull-ahead volume of electric vehicles from expectations of cuts in government incentives could have played a part. This graph shows light vehicle sales since 2006 from the BEA (blue) and Wards' estimate for December (red).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Transcript: Sonal Desai, Franklin Templeton Fixed Income CIO

The Big Picture

And if you really didn’t want to do either of those, you could work for the government. So, 00:07:44 [Speaker Changed] Yeah, actually, so I started with them in 2006. Any good parent wanted from, for his son, or in my case, daughter. You could be an engineer or you could be a doctor. So I did economics.

article thumbnail

10 Friday AM Reads

The Big Picture

receives nearly $2 trillion each year in foreign capital inflows, according to government data things like investments in businesses and bank lending, but also foreign investors buying U.S. government bonds, long the worlds safe haven. ( in the international economic order. stocks and bonds.

article thumbnail

What Is Driving Inflation?

The Big Picture

There was an overbuild of single family homes from 1999 to 2006. It is one of the rare parts of the economy where the private sector does a much worse job than even mediocre government insurance. That was follwoed by more than a decade o underbuilding, even as the population in the U.S. rose (We discussed this four years ago).

article thumbnail

10 Weekend Reads

The Big Picture

It may make sense to think of the United States as a wealthy Latin American country, rather than an offshoot of Europe mysteriously governed by cowboys. ( ( The Guardian ) What America Can Learn From the Americas : Greg Grandins sweeping history of the new world shows how immutably intertwined the United States is with Latin America.

article thumbnail

10 Tuesday AM Reads

The Big Picture

Cultish Creative ) If Harvard, armor-plated by history and padded with funds, cant beat Trump, no one can : The awe-inspiring might of the government is pitted against the might of the revered US university: let the fight begin.( The Guardian ) What Happened To The Planet That Earth “Ate”?