The interest rate on the 4 week T-bill now stands at 51 basis points as rates continue to edge higher after the mid December Fed rate hike. This rate broke out in November, reaching 40 basis points as of December 13. That was the day before the Fed increased the target on the Fed Funds rate on December 14 to 0.5 to 0.75%.
Oh Yes, The Fed Is The Great Pretender
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.