The Repo Crisis is only Part II of this Mother of All Financial Crises. Where Quantitative Easing was buying in long-term debt to try to lower long-term interest rates and stimulate the economy, the Repo Crisis is entirely different for its objective is to prevent short-term rates from rising. The Fed did not lower rates […]

COMMENT: Sir, While taking a break from reading the Repo Report, I came across these words written by Albert Einstein before he passed away “Not one statesman in a position of responsibility has dared to pursue the only course that holds out any promise of peace…” he wrote. “For a statesman to follow such a course […]

QUESTION: This report from the BIS merely states what you wrote on the private blog almost a month ago about JPM. They are not pointing out the real issues that you have laid out in the report. Are they trying to create disinformation since you point out that the issue with JPM was because of […]

QUESTION: The distinction between the Repo Crisis and Quantitative Easing is the duration and purpose as distinguished from 2007-2009? HS ANSWER: Yes. Under QE, the Fed was buying in 30-year bonds in hope of creating a shortage of long-term paper that would in theory lead to consideration of buying long-term mortgage paper. It was trying […]

QUESTION: Regarding the repo crisis blog. Surely president Trump would be interested in what you do. Am I just being naive? I mean if the administration were kept informed by Socrates, knowing it’s history, wouldn’t they try to adapt? At some point they have to admit your right. MH ANSWER: I think Trump himself would […]

ASIA: More protests occurred overnight in Hong Kong as students and police have been clashing. China will most likely intervene in Hong Kong as their previous “hands off” policy is not providing the desired result. China released a new submarine. The JL-3 has a range of up to 7,500 miles and could reach the US […]

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I’ve long been sounding the alarm on the private debt crisis sweeping the Build Back Better nations. US government debt equaled 122.3% of the nation’s GDP in 2023, a cost that will be passed on to the taxpayers. As of Q1 2024, US household debt stood at $1.77 trillion; $12.44 trillion held in mortgage debt, […]

It began with Biden’s disastrous debate against Donald Trump, followed by a series of gaffes on the global stage. The public has been carefully watching Biden for signs of cognitive decline, of which there have been plenty. First, the media began to cover stories highlighting Biden’s failing cognition, with commentators questioning Biden’s ability to serve […]