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Fed Panics & Starts Massive Money Printing – Michael Pento
Fed Panics & Starts Massive Money Printing – Michael Pento Economist and money manager Michael Pento says the recent Federal Reserve about face in policy with cutting rates and new QE (money printing) means only one thing. Pento explains, “So, the Fed changed their mind, panicked, the Fed panicked. They not only stopped raising rates, […]
Innovation BIS 2025: A Stepping Stone Towards an Economic ‘New World Order’
Innovation BIS 2025: A Stepping Stone Towards an Economic ‘New World Order’ The IMF’s annual meetings held in Washington DC last week demonstrated that when the institution issues new economic projections or warnings of a downturn, the mainstream press are not averse to giving them prominent coverage. After the Fund was founded in 1944 (off the […]
“Goodbye Asset Inflation” – Marc Faber Fears Funding Chaos Contagion From Repo Markets
“Goodbye Asset Inflation” – Marc Faber Fears Funding Chaos Contagion From Repo Markets Faber wrote in his Monthly Market Commentary for October, under the title : THE THREAT TO ACADEMIC FREEDOM AND TO THE RIGHT TO FREEDOM OF OPINION IS A MENACE TO LIBERTY, The historian Niall Ferguson recently wrote an article entitled: A message to […]
How to Prepare as the Fed Scorches the Earth
How to Prepare as the Fed Scorches the Earth Wildfire Surge The hillsides are always brown in the land of fruits and nuts come autumn. After baking away all summer long in the hot sun, the dense sage and chaparral covering the coastal hillsides and canyons are dry and toasty. Though, before conditions get better, they […]
Pondering the Collapse of the Entire Shadow Banking System
Pondering the Collapse of the Entire Shadow Banking System What’s behind the ever-increasing need for emergency repos? A couple of correspondents have an eye on shadow banking. Shadow Banking The shadow banking system consists of lenders, brokers, and other credit intermediaries who fall outside the realm of traditional regulated banking. It is generally unregulated and […]
Could Modern Monetary Theory (MMT) Actually Save Us?
Could Modern Monetary Theory (MMT) Actually Save Us? Spoiler alert: no. But that doesn’t mean we won’t try it. Modern Monetary Theory (MMT) is presented as a means to painlessly fund the large-scale infrastructure / alternative energy spending the nation desperate needs to rebuild and modernize. While most people support the goal of useful fiscal […]
Yeah, It’s Still Water
Yeah, It’s Still Water Back in April, I wrote This Is Water. There are these two young fish swimming along and they happen to meet an older fish swimming the other way, who nods at them and says “Morning, boys. How’s the water?” And the two young fish swim on for a bit, and then eventually […]
Central Bank Hints at a “Big Reset” and Reveals a Possible Solution
Central Bank Hints at a “Big Reset” and Reveals a Possible Solution It’s not every day you hear a major financial institution hint at the possibility of the entire economic system collapsing. The reason major financial institutions (and the mainstream financial media) shy away from a negative outlook on the economy is out of fear […]
“Panic Mode” Run On Lebanon’s Banks Feared After 7-Day Closure Amid Protests
“Panic Mode” Run On Lebanon’s Banks Feared After 7-Day Closure Amid Protests Banks across Lebanon have been shuttered now for a seventh consecutive day, with the country’s banking association saying banks would remain closed Friday over “safety concerns” as massive anti-corruption protests have brought multiple cities to a standstill, which began a week ago. Reuters reports that banking operations have been “limited to […]
Politicians Offered a Choice between Climate Fantasies as Our Future Grows Bleaker
Politicians Offered a Choice between Climate Fantasies as Our Future Grows Bleaker Greta Thunberg is right — across Canada we are acting like ‘spoiled irresponsible children.’ Now that we can open the windows again and clear the air of political flatulence, perhaps we can acknowledge the realities that remain like ghosts in our troubled house. […]
“Contagion Runs The Risk Of Spreading” In India’s Financial Sector, Rating Agency
“Contagion Runs The Risk Of Spreading” In India’s Financial Sector, Rating Agency India, one of the largest emerging markets in the world, is at serious risk of widespread contagion ripping through its banking sector as many large financial companies have already seen their equity value halved over the last 12 months, S&P Global Ratings said […]
Intervention
Intervention The Fed has gone into full intervention mode. Not only into full intervention mode, but accelerated intervention mode. Not just a little “mid cycle adjustment” but full bore daily interventions to the tune of dozens of billions of dollars every single day. What’s the crisis? After all we live in the age of trillion […]
Market Commentary: China Watch
Market Commentary: China Watch I’ve held the view that Chinese finance has been at the epicenter of international market unease. The U.S./China trade war was not the predominant global risk. However, it has had the potential to become a catalyst for Chinese financial instability. And there remains a high probability for an eruption of Chinese […]
Central Banks Begin to Panic
Central Banks Begin to Panic After rapidly reversing policy in 2019, does it seem to you that the global central banks have moved into full panic mode over the past several weeks? To that point, consider some of the headlines that have appeared over just the past few days. Let’s start with Count Draghi and […]
