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Surging Inflation Might Be the Rumblings of an Economic Tsunami
Surging Inflation Might Be the Rumblings of an Economic Tsunami 神奈川沖浪裏 or The Great Wave off Kanagawa, by Katsushika Hokusai, 1831 Inflation in the U.S. is on the rise, may have started heating up last year, and is now on the cusp of spiraling out of control.Gasoline prices pushing $5 per gallon are concerning bad, and will strain family […]
Peter Schiff: The Box That the Federal Reserve Is In
Peter Schiff: The Box That the Federal Reserve Is In Jerome Powell and Janet Yellen testified jointly before the US Senate last week. Inflation was a big topic of conversation. The Fed chair continued to insist that the central can fight inflation if necessary, but that it really isn’t a problem we need to worry […]
There’s a Serious Flaw to the Team Powell-Yellen Inflation Scheme
There’s a Serious Flaw to the Team Powell-Yellen Inflation Scheme If you’re a wage earner, retiree, or a lowly saver, your wealth is in imminent danger. A lifetime of schlepping and saving could be rapidly vaporized over the next several years. In fact, the forces towards this end have already been set in motion. Indeed, […]
Weekly Commentary: Powell on Inflation
Weekly Commentary: Powell on Inflation The Treasury yield spike runs unabated. Ten-year Treasury yields rose another 10 bps this week to 1.72%, the high since January 23, 2020. The Treasury five-year “breakeven” inflation rate rose to 2.65% in Tuesday trading, the high since July 2008. The Philadelphia Fed’s Business Survey Prices Paid Index surged to […]
Powell, Do You Even Know What The Economy Is?
Powell, Do You Even Know What The Economy Is? To Clarify, Main Street Is Not Wall Street After all the destructive policies we have seen coming out of the Eccles Building, it may be time to ask Fed Chairman Jerome Powell, “Do you even know what the economy is?” All the easing and stimulus has […]
Rabo: If Powell Does Nothing, We Will See Godzilla-Sized Shockwaves Across Markets Everywhere
Rabo: If Powell Does Nothing, We Will See Godzilla-Sized Shockwaves Across Markets Everywhere “Quadzilla is approaching Tokyo!” [Cue epic music] “Up from the depths; 30 trillion high; Breathing fire; Its name in the sky — Quadzilla! Quadzilla! Quadzilla!” [Sudden switch to comedy music] “…and Godz-EU-ki.” For those who grew up with 80’s cartoons, that intro may be […]
Jerome von Havenstein: Inflation Or Bust
Jerome von Havenstein: Inflation Or Bust This week brought forth new evidence that – to be perfectly frank – we’re all screwed. On Thursday, the yield on the 10 year Treasury note topped 1.55 percent. Subsequently, the Dow Jones Industrial Average, after hitting an all-time high on Wednesday, dropped 559 points. Wall Street must not […]
Yellen Challenges Powell’s Unlimited Control of the Markets
Yellen Challenges Powell’s Unlimited Control of the Markets Source: Federal Reserve The Fed attempts to maintain control of various rates (including inflation, unemployment and long-term interest rates) through its monetary policy decisions. In the past, poor choices arguably led to both the dot-com bubble and the Great Recession. But that’s old news. Today, Fed Chairman […]
The Foundation for Potential Price Hyperinflation is Being Laid
The Foundation for Potential Price Hyperinflation is Being Laid The Federal Reserve sure seems to have a tough time finding and reporting signs of rising inflation — especially when it’s hidden in other sectors like a lack of demand for energy. A recent example of the Fed’s “inflation blindness” comes from a speech Chairman Jerome Powell gave […]
Dear Governments, Spend as Much as You Can
Dear Governments, Spend as Much as You Can This week we heard further details about more trillions in upcoming spending and even changing monetary issuance laws (for CBDCs) worldwide. The International Monetary Fund (IMF), what critics might call a supranational leveraged buyout bank, was out this week making calls for governments worldwide to spend as […]
The Hazards of 4 More Years of Jerome Powell
The Hazards of 4 More Years of Jerome Powell Whether Trump or Biden is elected in November, they will have to decide whether or not to appoint Federal Reserve Chair Jerome Powell to another term. And if he is appointed again, the way he continues to handle the continuing ripple effects of the COVID-19 “shutdown” […]
The Fed Has Given Big Business A Huge Advantage
The Fed Has Given Big Business A Huge Advantage And Its Gone! The last few months have been painful for small businesses across America. These businesses often have a difficult time getting a bank loan. Bubbling up to the surface is the recognition the Fed has played a major role in pushing inequality higher. This was […]
Fed Accountability is a Farce
FED ACCOUNTABILITY IS A FARCE The Fed claims they are “accountable to the public and the U.S. Congress.” But what good is accountability, if the public and Congress have little understanding of what the Fed does? Even worse, if no one has the power to stop the inflationary actions of the Fed, what good are […]
Goodbye, Free Market
Goodbye, Free Market Fremdschämen. Fremdschämen is a noun of the German language. It translates this way: Embarrassment for those incapable of feeling embarrassment. Today we suffer embarrassment for Mr. Jerome Powell and his fellows of the Federal Reserve… For no action they take lowers their heads in shame… or blushes their cheeks with embarrassment. Mr. […]
