Commodities
The Tale of Another Coin Hoarder
October 31, 2025
A Kyle Bass copycat is attempting to arbitrage the difference between the face value of a nickel and its underlying metal's value.
A Kyle Bass copycat is attempting to arbitrage the difference between the face value of a nickel and its underlying metal's value.
How big are the Fed's holdings of bonds, notes, bills, TIPS, MBS, agencies, and FRNs in relation the outstanding market?
A long-term look at expansions and contractions
Some interesting charts from our recent posts
Today's topics include deflating the prospects of a December cut, is it bad if Powell is losing control of the Fed?, U.S. & China strike a fragile truce for now, where should rates be?, understanding Fedspeak, updating liquidity concerns, and central bank gold demand
Today's topics include banks tap SRF for over $10b this morning, will the Fed reduce the SRF rate by more than 25 basis points?, cutting rates with inflation at 3%, GDPnow, pricing TIPS in a world without CPI, market breadth still stinks, Trump really wishes Bessent would take Fed chair, and gold bulls not giving up hope yet
Q3 earnings are heating up. Through Monday, 114 companies have reported, and the year-over-year annualized quarterly growth rate stands at 8.89%.
Today's topics include tomorrow's FOMC meeting is all about potential QT announcement, questioning the certainty of future rate cuts, banks tap SRF for almost $8b again this morning, ADP says "let there be weekly data!", don't fear rate cuts amidst booming markets, stretched stock market valuations, and single-stock volatility
Two days ago, Chairman Powell warned, "signs have begun to emerge that liquidity conditions are gradually tightening." These signs are becoming full-blown and regional bank stocks are plunging.