Despite the NY Fed disclosing recently that Repo Madness averages (means that some days it's a lot higher) $190 billion dollars per day and not $120 billion dollars per day, the US Dollar Index is rallying and back over 98.
The Fed's official balance sheet increased another $20 billion dollars in the last week. It's now increased $72 billion dollars in just the last 2 weeks and $279.5 billion dollars since the end of August 2019! About 5 months of Fed QT (balance sheet reduction) has now been reversed in barely 2 months!
NY Fed Speech given by Lorie K. Logan, Senior Vice President of the NY Fed at the Annual Primary Dealer Meeting, Federal Reserve Bank of New York https://www.newyorkfed.org/newsevents...
Track the Fed's official balance sheet (updated on Thursdays) here: https://fred.stlouisfed.org/series/WALCL
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.