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Category Archives: Economics
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 […]
Trader Warns “Market Dysfunction Will Ultimately Have Its Limits”
Trader Warns “Market Dysfunction Will Ultimately Have Its Limits” Global policy uncertainty has never been higher… And the world is erupting in mass protests: Chile, Ecuador, Lebanon, Barcelona, France, London, Puerto Rico, Hong Kong, Iraq, Guinea, Bolivia, Algeria, Haiti, Egypt, Pakistan, Brazil, Sudan, and today, Azerbaijan. Both of which are among the reasons why former fund manager and […]
Fed’s Fourth Bill POMO Is Most Oversubscribed Yet Amid Liquidity Scramble
Fed’s Fourth Bill POMO Is Most Oversubscribed Yet Amid Liquidity Scramble One day after the Fed unexpectedly saw a surge in demand for its term-repo operation, which was oversubscribed for the first time since the mid-September repo crisis erupted, the liquidity shortage in the funding market appears to be getting worse by the day, and in […]
Half The World’s Banks Won’t Survive The Next Crisis, McKinsey Finds
Half The World’s Banks Won’t Survive The Next Crisis, McKinsey Finds More than half of the world’s banks are at risk of collapse in the next global downturn if they don’t start preparing for late-cycle shocks, McKinsey & Company warned in its latest global banking outlook. The consultancy firm warned on Monday, in a 55-page […]
Dollar Liquidity Turmoil Returns With First Oversubscribed Term Repo In A Month, $99.9 Billion Liquidity Injection
Dollar Liquidity Turmoil Returns With First Oversubscribed Term Repo In A Month, $99.9 Billion Liquidity Injection This was not supposed to happen. After the Fed rolled out the big artillery in response to the sharp, sudden mid-September funding squeeze (which we now know had virtually nothing to do with last month’s tax payments or other one-time events […]
Central Bank “Stimulus” is Really a Huge Redistribution Scheme
Central Bank “Stimulus” is Really a Huge Redistribution Scheme When an economy turns from expansion to contraction there is an order of events. The first signs are an unexpected increase in inventories of unsold goods, both accompanied with and followed by business surveys indicating a general softening in demand. For monetarists, this is often confirmed […]
Are The Rating Agencies Complicit In Another Massive Scandal: A WSJ Investigation Leads To Shocking Questions
Are The Rating Agencies Complicit In Another Massive Scandal: A WSJ Investigation Leads To Shocking Questions Over the past two years, a key event many bears have cited as a potential catalyst for the next market crash, is the systematic downgrade of billions of lowest-rated investment grade bonds to junk as a result of debt leverage creeping […]
Start thinking about silver before it becomes popular again
Start thinking about silver before it becomes popular again In 663 BC, King Ashurbanipal of the Assyrian Empire invaded Egypt and sacked the city of Waset (located in modern day Luxor on the Nile River). Ashurbanipal vanquished the city, purportedly seizing more than 75 metric tons of silver for his personal collection. At the time […]
Blain’s Morning Porridge – October 21st 2019
Blain’s Morning Porridge – October 21st 2019 “If you wake up on a Casper mattress, work out with a Peloton before breakfast, Uber to your desk at a WeWork, order DoorDash for lunch, take a Lyft home, and get dinner through Postmates, you’ve interacted with seven companies that will collectively lose nearly $14 billion this […]
Central Banks Are Out Of Ammo – UN Head Demands Immediate Fiscal Stimulus To Save World From Crisis
Central Banks Are Out Of Ammo – UN Head Demands Immediate Fiscal Stimulus To Save World From Crisis More and more global leaders sound the alarm that the world economy is headed for a difficult period in 2020. Unlike several years ago, leaders across the world are now calling for immediate deployment of fiscal stimulus, […]
They Are Telling Us That The Next Recession “Won’t Be As Bad As 2008”. They Are Wrong.
They Are Telling Us That The Next Recession “Won’t Be As Bad As 2008”. They Are Wrong. Are we really supposed to believe them? As the next recession rapidly approaches, the mainstream media is assuring us that there isn’t really that much to be concerned about. In fact, as you will see below, CNN is […]
