Recent content by MrFocus

GREENSPAN was a "Greenhorn" in his first year at the FED in 1987. Greenspan raised the discount rate in September, 1987 and the October crash came a few weeks later. Today, we have a far more serious problem inside the banking system. This is a national emergency---a huge liquidity...

I've been watching H3 and H6 for twenty years. And I've worked with the data since 1955. I've never seen a collapse in reserves like this in all that time. This is a special time indeed. And the financial markets have not fully priced in this dearth of liquidity. There's going to be a nice...