Greenfaucet.com - Global Market Commentaries

By Greg Michalowski, greenfaucet.com

Numerous Federal Reserve communications have indicated that reverse repurchase agreements are a tool that could be used to support a reduction in monetary accommodation at the appropriate time. Over the past year, the Federal Reserve Bank of New York has been working internally and with market participants on operational aspects of reverse repos to ensure that this tool will be ready when and if the Federal Open Market Committee decides they should be used. This work is a matter of prudent advance planning by the Federal Reserve, and no inference should be drawn about the timing of monetary policy tightening.

Repos and reverse repos have been in the Federal Reserve's toolkit ...

By Ray Barros, greenfaucet.com

I make no secret that one of my passions is to leave a legacy. Few have heard of Bernard Baruch - in my view of the best traders of any era; many more have heard of W D Gann - not because he was a better trader but because Gann attempted to pass his ideas on.

Over the years, I finally hit on a format that seemed to offer the best chance to fulfill a dream. It was a two-fold program:

1. An inexpensive course that taught the foundations of success (Habits of Success [HOS]) and
2. A one-on-one mentor course.

The first provided the means which followed would lead to success, and the other one attempted by weekly meetings and personal tuition ...

By Michael Pento, greenfaucet.com

You may not believe it buy I would like to be more optimistic about the future of the USA. But it's hard to stay hopeful when our most esteemed Ivy League institutions have professors like Niall Ferguson at the top of the lecture hall. The Harvard professor appeared on the Kudlow Report last night and actually said the following: "There's no inflation risk, you know they [The Fed] can let the dollar go down another 20% or more with very little inflation risk"

Brian Westbury, to his credit, immediately stomped on the words of the professor by explaining that the falling dollar is the very definition of inflation.

My question is how can it be that an elite ...

By Roger Nusbaum, greenfaucet.com

Alphaville has a post up in which they note some work from BoNY Mellon that cites the very real possibility that “certain governments are seriously deliberating the USD’s hegemony as a reserve currency and even its stability over the longer-term.”

The idea can’t be shocking at this point. There are opinions all over the place about the likelihood of this happening and what could possibly supplant the dollar. For some context I have been writing about this for years with the opinion it will be a very slow moving theme taking years to get to a point where the greenback shares the role of reserve currency (maybe the SDRs which are heavy in dollars).

You should draw ...