FridayNewsletter

@KennyPolcari @KathyHochul @NYCMayor So how many more billions should we spend on police? I don't know, maybe we need a different strategy to fix this...or you can just keep complaining at anyone who is a democrat and in power...that helps.

Apparently NOT in #NYC. @KathyHochul @NYCMayor

The battle for US corporate bond eTrading continues fi-desk.com/analysis-credi…

Great podcast from the @OddLots1 team @TheStalwart and @tracyalloway: Harris was part of the SEC's most recent effort to improve corp bond trading — the Fixed Income Market Structure Advisory Committee (FIMSAC) created in 2018. He explains why it hasn't had much success

This was the focus article from last week's newsletter: bloomberg.com/news/articles/…

@Schuldensuehner Money supply is NOT liquidity. You are conflating one way buying with the opportunity to trade. Most stocks are extremely liquid, so you can buy and sell them quite easily regardless of central bank policy.

It's the liquidity, stupid! Stocks fell in Aug because global money supple fell by $1.4tn. Sep began very strong w/ a surge in global liquidity by $400bn.

@genefrieda @tracyalloway How about modernization our central banking process so that it does rely on a trickle down approach? Instead of direct bond buying to stimulate the economy, make a zero-interest loan facilitate for small businesses. This isn't 1972.

@tracyalloway What’s the better alternative? You need a theory to beat a theory.

I don't know why I'm about to do this BUT ... Negative Rates matter because even if you view it as a) storage cost b) a tax on hoarding money, it's not a *useful* policy tool.

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Had a wonderful time with @TheStalwart and @tracyalloway on their fantastic podcast #Oddlots Don't worry. The show is not ending! bloomberg.com/news/articles/…

If Fox News Covered Trump like the did Obama. This is awesome!

@bondvigilantes The source data set you are using for corporate bond inventory is completely false. Love the work from @bondvigilantes, but you need to take this piece down. It is 100% factually incorrect.

New post: The changing nature of market liquidity – understanding banks’ corporate bond inventory bondvigilantes.com/blog/2019/04/0…

@GSElevator Cool tweet brah. Who do these chicks think they are? BTW, the Fonz is very proud of you for making the term 'chick' relevant again.

Getting married is betting some chick half your net worth that you’ll love each other forever.

@KennyPolcari Inflating the market is EXACTLY what the Fed and other central banks have been doing post 2008, so I'm not surprised people think market control is their job.

The FED did not sack the Mkt. It is NOT his job to make the Mkt go up or down. Traders and Algo s throwing a hissy fit because they didn’t get what they want. It’s BS!

#TradeTalks: Corporate Bond Market Transparency @jillmalandrino pscp.tv/w/badUETEyOTE4…

NEW POST: Goldilocks And The Liquidity Bears thefelderreport.com/2018/03/09/gol…