Appears that Russia is now messing with the Fed.
Somebody just yanked $105 billion dollars worth of US government bonds out of the Federal Reserve, according to the latest data from the US central bank.
Russian companies are pulling billions out of western banks, fearful that any US sanctions over the Crimean crisis could lead to an asset freeze, according to bankers in Moscow.
Sberbank and VTB, Russia’s giant partly state-owned banks, [...]
According to weekly Fed data, a record amount – some $105 billion – in Treasuries had been sold or simply reallocated from the Fed’s custody accounts, bringing the total amount of US paper held at the Fed to a level not seen since December 2012..
While China was one of the culprits suggested to have withdrawn the near USD-equivalent paper, a far likelier candidate was Russia, which as is well-known, has [...]
In cold war style, US Senators have urged the Obama administration to freeze assets of three major Russian banks, ban their activities in the US, and deny employees’ entry into the country on the suspicion they are doing business with the Assad regime.
Having failed to galvanize allies for military action, and politically trumped by President Putin’s proposal for peaceful intervention in Syria, American congressmen have now turned to soft power [...]
The FED is not ready to taper. All bank and other financial institutions were making cases that the FED was going to taper and they didn’t. Before the FED tapers the US government needs to continue with the propaganda that the economy is getting better, they will do this until all Americans believe it. Then they need to start the war, confiscate the guns, and control the internet. Once all [...]
A slim victory for the main conservative party in an election in Greece should relax fears that a country will stop using the euro for the first time and possibly unleash global financial turmoil.
But when it comes to Greek politics – and European economic policy – it’s never that easy. So the bumpy ride for financial markets isn’t over yet.
The conservative New Democracy party, which supports a bailout agreement [...]