Fast Facts

US Bank Loans and Deposits Keep Growing as European Banking System Goes Haywire

This is an excerpt from the Macroliquidity Pro Trader report. Macroliquidity Pro Trader weekly subscribers (or Professional Edition), click here to download complete report in pdf format. US bank deposits and loans continue to grow rapidly. The same cannot be said for Europe, where we now have the monthly banking system data for December (Fed reports US data weekly). As you…

Wall Street Examiner Exclusives

The Fed’s Rate Hike Hoax- There Is No Short Term Money Market

There Is No Fed Funds Market - Click to enlarge

The Fed has “raised interest rates” (wink-wink). Its primary tools in this make believe policy are interest on excess reserves (IOER) and the interest paid on reverse repos (RRP). The new Fed Funs target rate is now 25-50 bp. Fed Funs were reported to be trading at a weighted average rate of 36 bp on December 22.