In the money market, however, there are no signs of too tight liquidity. "The refinancing of the banks was never a problem during the reduction of the Fed balance sheet," says US economist Steve Blitz of the research house TS Lombard. At present, there is little difference between the interest rate at which banks lend money (with short-term securities-backed repo loans) and the interest rate at which banks park excess reserves at the Fed.
We have a 30 year track record of successful calls. Many of these calls combined economic, political and market analysis.READ MORE