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Tag Archives: Federal Reserve
Time to Keep Your Cash in the Microwave?
Time to Keep Your Cash in the Microwave? The Fed’s Big Pivot NORMANDY, France – “Now, I think I’ve seen everything” is an expression that – like “this is the end of history” and “I’ll never leave you” – usually turns out to be premature. But it is what we found ourselves saying yesterday. Not […]
Dear Janet, Seriously!!
Dear Janet, Seriously!! The Fed’s confidence trick this week was, once again, the Keyser Soze gambit (via Beaudelaire)- “convincing the world of Yellen’s hawkishness, when no such character trait exists.” However, unlike the movies, stocks and FX markets have already seen through the con, leaving Fed Funds futures alone to believe the hype. As we noted previously, “The Fed Can’t Raise […]
All Hail Our New Lord and Master, the Stock Market
All Hail Our New Lord and Master, the Stock Market We’re all minions now of the stock market. The all-powerful Federal Reserve is mere minion of the stock market, a kitten absurdly claiming in public to be a tiger. If the market threatens to drop, the Fed quickly prostrates itself and does the bidding of its […]
The Federal Reserve: Illusion of Understanding, Illusion of Control
The Federal Reserve: Illusion of Understanding, Illusion of Control The net result is nonsensical policies that fail to achieve their stated objectives. We live in an era of illusion: the illusion of understanding, and the illusion of control. Few institutions reflect these illusions better than the Federal Reserve, though the Pentagon, Congress, the Imperial Presidency, the […]
Can the Fed Print Money?
Can the Fed Print Money? Every morning is the dawn of a new error – Anonymous It Can and it Does In light of the upcoming October Fed (non-)decision, we want to briefly revisit a subject that still appears to be causing some confusion. We most recently encountered this confusion again in a quarterly update by […]
Professor Bernanke’s Bogus Contra-factual, Part 1: The Myth Of Great Depression 2.0
Professor Bernanke’s Bogus Contra-factual, Part 1: The Myth Of Great Depression 2.0 It took no “courage” whatsoever to inflate the Fed’s balance sheet from $900 billion to $2.3 trillion during just 17 weeks in September-December 2008. What it actually took was an epochal con job by a naïve Keynesian academic whose single idea about economics was primitive, self-serving, borrowed and […]
Things Fall Apart
Things Fall Apart “Things fall apart”is an apt sub-title for historians to apply to the first half of the 21st century. The phrase properly describes the collapse of the domestic and foreign policy of the United States. Further, it also is appropriate to describe the happenings in Europe, the Middle East and Asia. Things fall apart describes the economy […]
Has The Market Trend Shifted From Bull To Bear?
Has The Market Trend Shifted From Bull To Bear? Why the recent volatility may mark a secular shift Emotions are running high for the investment community in the wake of recent market volatility. Up until August, we had been in the third longest period in market history without a 10% correction. Since then, stock indices […]
The End of the World Has Already Begun
The End of the World Has Already Begun Disappearing Growth Nothing much to report from the stock market yesterday. Investors are regaining their calm. A few weeks ago, it looked as though the end of the world had begun. We are talking, of course, about the world in which credit, stocks, and central bank reputations […]
Pension “Armageddon” Got Closer Today
Pension “Armageddon” Got Closer Today The IMF fears underfunded pension funds could be encouraged to chase returns through riskier investments such as direct credit exposure or by engaging in securities lending in order to improve their funding ratios….The IMF’s comments echoed similar warnings from the OECD in May, when the Paris-based body said pension funds’ move towards […]
Highly Respected Economist Warns: “Hyperinflation Is On The Table… It Will Be Completely Uncontrollable”
Highly Respected Economist Warns: “Hyperinflation Is On The Table… It Will Be Completely Uncontrollable” Thibaut Lepouttre is a highly educated and well respected economist from Belgium. But unlike many of his counterparts who often toe the line of mainstream politicians and financial pundits, he’s not one to sugarcoat the seriousness of the current global economic, […]
The Trouble With Financial Bubbles
The Trouble With Financial Bubbles Very soon after the magnitude of the 2008 financial crisis became clear, a lively debate began about whether central banks and regulators could – and should – have done more to head it off. The traditional view, notably shared by former US Federal Reserve Chairman Alan Greenspan, is that any […]
