Prepare For Ludicrous Speed! Mortgage Bond Spread Disappears as Money Supply Surges (Lowest In At Least A Decade)

by confoundedinterest17 The Federal Reserve is a natural born spread killer! (Bloomberg) — The tsunami of money and credit pouring into financial markets has washed away much of the available spread for mortgage bond investors. The Bloomberg Barclays U.S. MBS index option-adjusted spread fell to just 0.07% last …

READ MORE

How $9 Trillion Disappears

by Bill Bonner YOUGHAL, IRELAND – As a republic matures, it slides down-market… The rails are silently greased by the cronies and grifters who control policy measures for their own benefit… while the rabble rallies to campaign slogans and admires TV …

READ MORE