Rampant Stock Market Speculation and Volatility

The Dow Jones Industrial Average (DJIA) has moved up to 25,605 points as of June 12, 2020. This is a 37.7% increase in DJIA since the March low of 18,591 points. Similarly, S&P 500 has moved up from March low…

Repo Rate Spikes, And The Fed Starts Buying T-Bills. What Does That Mean?

The US Federal Reserve announced on Friday, October 11, 2019, that it will buy $60 billion of treasury bills (T-Bills) each month to build its reserve. Jay Powell, the Federal Reserve Chairman, said that this decision was made to address…