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NY Fed Announces Extension Of Overnight Repos Until Nov 4, Will Offer 8 More Term Repos

NY Fed Announces Extension Of Overnight Repos Until Nov 4, Will Offer 8 More Term Repos Anyone who expected that the easing of the quarter-end funding squeeze in the repo market would mean the Fed would gradually fade its interventions in the repo market, was disappointed on Friday afternoon when the NY Fed announced it […]

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Central Banks’ secrecy and silence on gold storage arrangements

Central Banks’ secrecy and silence on gold storage arrangements Whereas some central banks have become more forthcoming on where they claim their official gold reserves are stored (see my recent blog post ‘Central bank gold at the Bank of England‘), many of the world’s central banks remain secretive in this regard, with some central bank […]

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Why the Federal Reserve should be audited

Why the Federal Reserve should be audited Janet Yellen and Ben BernankePhoto: AP (2) It is time for a comprehensive audit of Janet Yellen ’s Federal Reserve — and not just for the reasons presidential candidate Rand Paul and others have given. The Fed needs to be audited to see if its ruling body has broken […]

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Second Thoughts On US Official Gold Reserves Audits

Second Thoughts On US Official Gold Reserves Audits What is not often covered in the media or blogosphere are the audits of the US official gold reserves stored at the US Mint, which is the custodian for 95 % (7716 tonnes) of the stash – nowadays also referred to as custodial deep storage, and at the Federal […]

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New Scrutiny of Goldman’s Ties to the New York Fed After a Leak – NYTimes.com

New Scrutiny of Goldman’s Ties to the New York Fed After a Leak – NYTimes.com. From his desk in Lower Manhattan, a banker at Goldman Sachs thumbed through confidential documents — courtesy of a source inside the United States government. The banker came to Goldman through the so-called revolving door, the symbolic portal that connects […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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