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Fed Has Shovel, Digs Bigger Hole
Fed Has Shovel, Digs Bigger Hole Let’s get to the bottom line on all this “rate cut” nonsense. The Fed made a fatal mistake in first promoting “fiscal” actions (during the 08 crash) and then continuing to support them well after the bottom in 2009. This allowed Barack Obama to run trillion dollar deficits for years and, once he did […]
The Fed is Lying to Us
The Fed is Lying to Us “When it becomes serious, you have to lie” The recent statements from the Federal Reserve and the other major world central banks (the ECB, BoJ, BoE and PBoC) are alarming because their actions are completely out of alignment with what they’re telling us. Their words seek to soothe us […]
Is Powell Playing Fed Games?
Is Powell Playing Fed Games? The Federal Reserve will be adding assets to its balance sheet again, but Powell insists it’s not “quantitative easing” The Federal Reserve will be adding assets to its balance sheet again, but Powell insists it’s not “quantitative easing”James GorrieWRITEROctober 10, 2019 Updated: October 10, 2019Share Apparently, the “repo market” purchases by […]
Peter Schiff: Negative Interest Rates Are Boneheaded
Peter Schiff: Negative Interest Rates Are Boneheaded Donald Trump has been badgering Federal Reserve Chairman Jerome Powell for months, begging for lower interest rates. Yesterday, he took things to another level, saying that the “boneheads” at the Fed need to push rates into negative territory. In his podcast, Peter Schiff said negative interest rates are […]
Federal Reserve Chair Jerome Powell Insists There Won’t Be A Recession When All The Evidence Suggests Otherwise
Federal Reserve Chair Jerome Powell Insists There Won’t Be A Recession When All The Evidence Suggests Otherwise It’s happening again. Just like last time around, the head of the Federal Reserve is telling us that there won’t be a recession even though all of the evidence suggests otherwise. Just before the recession of 2008, Federal […]
Powell “Not Forecasting a Recession”
Powell “Not Forecasting a Recession” In a speech today in Zurich Switzerland, Jerome Powell stated the Fed is not forecasting a recession. YouTube Video of Zurich Conference The Fed has never forecast a recession, even after they have started. It reminds me of Bernanke’s denials on the housing bubble. No Comment on Trade? 1st and […]
Powell Doesn’t Change His Tune… And Rabobank Sees Fed Cutting To Zero
Powell Doesn’t Change His Tune… And Rabobank Sees Fed Cutting To Zero The tone of Fed Chairman Powell’s remarks in Zurich was similar to that of his speech in Jackson Hole. Powell repeated the statement that the Fed will ‘act as appropriate to sustain the expansion,’ which indicates that he is leaning toward a September […]
In Unprecedented, Shocking Proposal, BOE’s Mark Carney Urges Replacing Dollar With Libra-Like Reserve Currency
In Unprecedented, Shocking Proposal, BOE’s Mark Carney Urges Replacing Dollar With Libra-Like Reserve Currency After Jerome Powell’s neutral-to-slightly-dovish-but-mostly-boring speech on Friday morning, investors could be forgiven for suspecting that this year’s Fed-sponsored gathering in Jackson Hole might be disappointingly dull (especially with all that’s going on in Trump’s twitter feed, the escalating trade war and escalating geopolitical […]
This Is The Same Pattern The Fed Followed Before The Great Depression
This Is The Same Pattern The Fed Followed Before The Great Depression There is immense confusion surrounding July’s Federal Reserve meeting and the rather insane aftermath that has been spurred on in the trade war. The Fed’s latest rate decision of a mere .25 bps cut was seen as “disappointing”, this was then followed by […]
Powell Rate Cut Unleashes Volatility Tsunami
Powell Rate Cut Unleashes Volatility Tsunami It wasn’t supposed to work this way. In the rate cut playbook envisioned by Trump, Powell’s July 31st rate cut was supposed to send stocks higher while crushing the dollar. However, when the FOMC announce a “mid-cycle”, 25bps cut, the outcome was not only a surge in the dollar […]
If The Federal Reserve Cuts Interest Rates Now, It Will Be An Admission That A Recession Is Coming
If The Federal Reserve Cuts Interest Rates Now, It Will Be An Admission That A Recession Is Coming So there is a lot of buzz that the Federal Reserve is about to cut interest rates – and it might actually happen. We’ll see. But if it does happen, it will directly contradict the carefully crafted […]
Why Powell Fears a Gold Standard
Why Powell Fears a Gold Standard Chairman Powell’s testimony last week was closely scrutinized not just for its economic implications but also for its political overtones. Powell cited “trade tensions” as cause for concern about the strength of the global economy. He clearly seemed to be blaming President Trump’s tariffs. But if the tariffs are […]
Weekly Commentary: Central Banker to the World
Weekly Commentary: Central Banker to the World July 11 – Bloomberg (Rich Miller): “Federal Reserve Chairman Jerome Powell is starting to sound a bit like he’s the world’s central banker. In Congressional testimony this week, he repeatedly cited a slower global economic expansion in laying out the case for easier U.S. monetary policy. ‘There’s something […]
“It’s Time To Say Goodbye To The Rally In Everything”
“It’s Time To Say Goodbye To The Rally In Everything” It was nice while it lasted but the “Rally in Everything” inspired by the dovish Federal Reserve is likely coming to an end — thanks to the dovish Federal Reserve. U.S. bonds and stocks have climbed together for most of 2019 as expectations for Fed […]
Bizarro World: The Herd Has Truly Gone MadYou’re not crazy. The world we now live in is
Bizarro World: The Herd Has Truly Gone MadYou’re not crazy. The world we now live in is Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one. ~ Charles Mackay (1841) Like me, you may often […]
