Link to the Slides and Sources: https://www.itmtrading.com/blog/new-r...
Starting in July 2017, Fannie Mae began buying up mortgages funding these purchases with SOFR bonds, the new Federal Reserve experimental benchmark. Know who bought those bonds? Commercial banks bought 1.3% and those that use OPM (Other People's Money) bought the rest; Fund managers bought 9.7%, State and Local Pensions bought 5.6% but the biggest buyer, a whopping 83.2%, was money market funds. At the same time, global central bankers have been loading up on gold, up 74% YOY for 2018 and the second highest in history. What do you think they're preparing for?
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to come together in community in order to survive and thrive through the hyperinflation she sees in the near future.