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Tag Archives: zero interest rate policy
Saudi Arabia’s Oil-Price War Is With Stupid Money
Saudi Arabia’s Oil-Price War Is With Stupid Money Saudi Arabia is not trying to crush U.S. shale plays. Its oil-price war is with the investment banks and the stupid money they directed to fund the plays. It is also with the zero-interest rate economic conditions that made this possible. Saudi Arabia intends to keep oil prices low for as […]
The Committee To Destroy The World
The Committee To Destroy The World Last month, the world mourned the death of beloved actor Leonard Nimoy. Mr. Nimoy, of course, was renowned for his portrayal of the iconic character Mr. Spock on the 1960s television series Star Trek. One of the most memorable Star Trek inventions was the transporter that allowed human beings […]
The Fed Has Failed the Nation, in One Chart
The Fed Has Failed the Nation, in One Chart There is only one way to end the financial tyranny of the Federal Reserve–abolish it, and put an end to the predatory pathologies of its policies. The Federal Reserve has failed not just the nation and the U.S. economy, but more importantly, the American people that […]
Did The Fed. Just Whisper “Fire” In A Crowded Market?
Did The Fed. Just Whisper “Fire” In A Crowded Market? This past Friday saw what many like myself can only describe as a blatant example of just what’s wrong with both the economy – as well as the markets. At precisely 15 minutes before the closing bell on Wall Street the now Chair of the Federal […]
Some Folks At The Fed Are Lost——No Juice To The Macros, Part 1
Some Folks At The Fed Are Lost——No Juice To The Macros, Part 1 Yesterday we demonstrated that stock market valuations are not merely “on the high side” as Janet Yellen averred last week. Instead, they are positively in the nose-bleed section of history. You don’t get the Russell 2000 trading at 90X honest-to-goodness GAAP earnings […]
From Yellen Put To Yellen Massacre
From Yellen Put To Yellen Massacre I think I’ll just give you a slew of quotes, and then you can figure out if you can figure out why I chose to call this the Yellen Massacre. Which consists, by the way, of two separate but linked parts, not quite the Siamese twin perhaps, but close. […]
The End of the Great Debt Cycle
The End of the Great Debt Cycle “It’s the end of the great debt cycle,” says hedge fund manager Ray Dalio of Bridgewater Associates, taking the words out of our mouth. Bond fund manager Bill Gross adds context: In the past 20 to 30 years, credit has grown to such an extreme globally that debt […]
Get Ready for a “Zero Returns” World…
Get Ready for a “Zero Returns” World… Dear Diary, Where is that old and tattered “Crash Alert” flag? Many times since the start of the rally in US stocks in 2009, we hoisted it. And many times has it failed to give us a useful signal. But we will bring it out again, if a […]
Bill Gross Interview: ZIRP Causes Too Much Debt, Too Many Zombies, Not Much Trickle-Down, Busted Pensions
Bill Gross Interview: ZIRP Causes Too Much Debt, Too Many Zombies, Not Much Trickle-Down, Busted Pensions In an Bloomberg Television interview Bill Gross of Janus Capital spoke with Bloomberg Television’s Trish Regan about the outlook for Federal Reserve policy, the U.S. economy and his objectives at Janus Capital. Key Quotes “Not even thin gruel is […]
Housing Industry Frets About the Next Brick to Drop
Housing Industry Frets About the Next Brick to Drop Cashing out of the “Bet on America” might get messy. Stephen Schwarzman, CEO and co-founder of Blackstone Group, the world’s largest private-equity firm with $290 billion in assets under management, made $690 million for 2014 via a mix of dividends, compensation, and fund payouts, according to a regulatory […]
In “Paranormal” Europe, Banks Will Pay You To Borrow, And Charge You To Save
In “Paranormal” Europe, Banks Will Pay You To Borrow, And Charge You To Save A month ago, we wrote about a bizarre situation involving Denmark’s now totally broken monetary system, where as a result of an unprecedented scramble to weaken the currency in order to preserve the peg to the Euro the central bank unleashed […]
Kick-The-Can Has Morphed Into A Blatant Farce
Kick-The-Can Has Morphed Into A Blatant Farce Kick-the-can has morphed into a blatant farce. Everywhere in the world central banks and financial officialdom are engaging in desperate, juvenile maneuvers to buy time—–amounting to hardly a few weeks at a go. Never before has the debt-saturated, speculation-ridden global casino rested upon such a precarious foundation. This week, for instance, Janet Yellen […]
What ‘Escape Velocity’? December Business Sales And Inventories Repudiate The Money Printers’ Myth
What ‘Escape Velocity’? December Business Sales And Inventories Repudiate The Money Printers’ Myth It is plain as day that massive central bank money printing and perpetual ZIRP do not rejuvenate the main street economy under conditions of “peak debt”. And the reason is so obvious that only Keynesian economists can’t grasp it. To wit, if the balance […]
Audit The Fed——And Shackle It, Too
Audit The Fed——And Shackle It, Too The reason to be fearful about the economic and financial future is that we are in the thrall of a mainstream consensus that is downright meretricious. In attacking Rand Paul’s audit legislation, for instance, one of the time-servers on the Fed Board of Governors, Jerome H. Powell, let loose the following gem: […]
A Very Pernicious Partnership: Keynesian Money Printers And Wall Street Gamblers
A Very Pernicious Partnership: Keynesian Money Printers And Wall Street Gamblers No sooner was the January jobs report released than the Wall Street Journal posted a succinct headline: “Hiring, Wages Pick Up as Job Market Nears Full Health”. Whether the job market is actually as red hot as the BLS’ headline numbers is a debatable topic, but it […]
