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Tag Archives: central banks
Inflation Is Winning, and Here’s Why the Fed Seems Content To Let It Happen
Inflation Is Winning, and Here’s Why the Fed Seems Content To Let It Happen Photo by cottonbro The U.S. Treasury publishes its balance sheet annually. The most recent, for fiscal year 2020, is so egregiously out of whack it might be hard to wrap your head around: Total Assets: $5.95 trillion Total Liabilities: $32.74 trillion Net Position (total […]
Peter Schiff: When It Comes to Inflation, We’re Just Getting Started
Peter Schiff: When It Comes to Inflation, We’re Just Getting Started The July Consumer Price Index (CPI) data came out this week. For the first time, the numbers were in line with expectations, leading many mainstream pundits to declare “transitory” inflation is already starting to cool down. Peter Schiff broke down the report in his podcast. He […]
More Money Doesn’t Mean More Wealth
More Money Doesn’t Mean More Wealth Photo by Shane The Federal Reserve has targeted a 2% inflation rate for years, as though it’s a holy grail. As though 2% inflation was an economic panacea that would perfectly balance employment, business investment and bank lending. Recently, the Fed has loosened the reins on inflation and let it […]
Peter Schiff: Central Banks Have Created the Mother of All Bubbles
Peter Schiff: Central Banks Have Created the Mother of All Bubbles The Federal Reserve and other central banks around the world have pumped trillions of dollars into the global economy and depressed interest rates to artificially low levels to blow up the mother of all bubbles. In his podcast, Peter Schiff explained how the recent […]
Behind the Curtain
Behind the Curtain Jennifer Accuri, who had a love affair with Boris Johnson and obviously knows him very well, has also been out talking about what is going on behind the curtain. I have heard that this drive for 100% vaccination has at its core the attempt to whip society into obedient drones. That is […]
Markets Next “Minsky Moment”
Technically Speaking: The Markets Next “Minsky Moment” In this past weekend’s newsletter, I discussed the issue of the markets next “Minsky Moment.” Today, I want to expand on that analysis to discuss how the Fed’s drive to create “stability” eventually creates “instability.” In 2007, I was at a conference where Paul McCulley, who was with PIMCO at the time, discussed the idea […]
Governments to Control What You Are Allowed to Buy
Governments to Control What You Are Allowed to Buy People are unaware that this drive of central banks to replace paper money with cryptocurrency is far more than they will ever comprehend as an end goal. Aside from the fact that governments could then impose a negative interest rate effectively confiscating money from your account […]
Quantitative easing: how the world got hooked on magicked-up money
© Chronicle / Alamy Stock Photo Quantitative easing: how the world got hooked on magicked-up money Going cold turkey would finish off a dysfunctional global financial system that’s now hopelessly addicted to emergency infusions. The only solution is surgery on the system itself The world economy is a mess. The system, notionally governed by the […]
Too Much Money Chasing Too Few Goods and Services
Too Much Money Chasing Too Few Goods and Services Inflation can be considered a tax, an especially regressive one, falling harder on those with lower income and/or assets. As we’ve noted previously, the Federal Reserve’s “M2” monetary aggregate began growing significantly faster than the “GDP” measure of economic output in the United States beginning around 2008, […]
While Fed Is in Denial, Hawkish Bank of Russia Sees Inflation as “Not Transitory,” Warns of Possible Shock-and-Awe Rate Hike
While Fed Is in Denial, Hawkish Bank of Russia Sees Inflation as “Not Transitory,” Warns of Possible Shock-and-Awe Rate Hike US Inflation is almost as hot as in Russia, but the Fed is still blowing it off. Consumer price inflation in Russia is red-hot, having jumped 6.0% in May compared to a year ago, 2 […]
The Real Digital Plot
The Real Digital Plot The move to end paper money and move toward a national cryptocurrency took a major step recently when the House Financial Services Committee task force expressed support for experiments to create a digital cryptocurrency version of the U.S. dollar. They argued that the United States had to keep pace with China, […]
The long history of money
The long history of money We are approaching a critical turning point in the history of financial systems. Since the Great Financial Crisis, central banks have exerted control over the financial markets through their QE-programs and plan to extend their influence over the monetary system through the introduction of national digital currencies. Opposing forces include, as […]
Translating Yellen-Speak into Golden-Speak
Translating Yellen-Speak into Golden-Speak Given the increasingly politicized interplay (cancer) of central bank policy and so-called free market price discovery, it’s becoming increasingly more important to track the actions of central bankers rather than just traditional market signals alone. Like it or not, the Fed is the market. Toward this end, we’ve had some substantive fun deciphering […]
Fed’s Favorite Lowball Inflation Gauge is Red-Hot, Not Seen in Decades, Even Without the “Base Effect”
Fed’s Favorite Lowball Inflation Gauge is Red-Hot, Not Seen in Decades, Even Without the “Base Effect” The majestic inflation overshoot has arrived. The Fed’s favorite inflation measure, generally the lowest inflation measure the US government provides — tracking a lot lower than even the Consumer Price Index which already understates actual inflation — and therefore our lowest […]
China Warns Global Financial Bubble Could Burst
China Warns Global Financial Bubble Could Burst Almost three months after markets stumbled when after China’s top banking regulator said he’s “very worried” about risks emerging from bubbles in global financial markets (and China’s property sector) sparking concerns about further tightening in the world’s second-biggest economy and slamming risk assets, China has done it again and on […]
