With the Fed raising rates all the talk of the markets and my increasingly esoteric take on the political dynamics at play, this week I chat with Blakeley Advisory Group CFO Peter Boockvar about what he thinks is going on with the Fed and the central banks in general as a counterpoint.
Peter's experience and clear thinking is appreciated as we move towards the March meeting of the FOMC now that the Fed has been exposed as way behind the inflation curve.
I don't have any specific links for you. I just read ZH daily and remember the myriad articles it posted with headlines like 'Why is JP Morgan trying to kill the bond market' and what not. They formulated a theory early in 2019 and then kept hammering it into posts regularly until the SOFR blowout in September.
Thank you for the feedback. I didn't see that piece from MacLeod but I think it's far deeper than that. JPM just doesn't believe the valuation on euro debt and isn't about to bail out EU banks which are an arm of the WEF trying to bankrupt it and the rest of Wall St. in my view.
Excellent podcast. I'm an avid fan, even though I just now signed up properly. Great insights! (Thanks for not swearing in this one; I can share it and link to it in my articles!) You said that JPM in 2019 was refusing to repo and take European debt as collateral; it did that for 3 years, and ZeroHedge put out report after report about how JPM was trying to crush the bond market. I tried to search that but ZH's search engine only goes back 18 months. Would you happen to have a link? I wondered if it might be because of what Alasdair Macleod says here: https://www.goldmoney.com/research/goldmoney-insights/a-euro-catastrophe-could-collapse-it European bank regulators are now allowing bad debts to be collateral for repo loans, and this hidden bad debt is moving into the economy. Thanks.
