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Inflation is Transitory Again
Inflation is Transitory Again Because it has to be in order to fund Bidenomics. As Powell clasps his hands in desperate hope without any evidence to back his hope, the US Treasurer today, like the Treasurer in yesteryear, is giving a solid thumbs-up to his plan, which is already accomplishing everything the Treasury desperately needed. […]
What Are the Odds the Fed Hikes Interest Rates to 8 Percent?
What Are the Odds the Fed Hikes Interest Rates to 8 Percent? I ask the question because the number came up in a recent JP Morgan publication. 8 Percent “Prediction” or “Possibility”? This headline by TFTC caught my eye: JP Morgan Predicts Crushing 8% Interest Rate Spike JP Morgan forecasts interest rates rising to 8%, potentially […]
Mark Jeftovic: The Fed is Afraid… of Something
Mark Jeftovic: The Fed is Afraid… of Something In the last issue we covered how Ecoinmetrics posited that the Bitcoin rally wasn’t being confirmed on-chain and that there was a chance of a 10% pullback in the month following his analysis, which was published November 22. We did get a pullback, from $44K, which touched bottom around […]
The Specter of Hyperinflation Looms over the Economy
The Specter of Hyperinflation Looms over the Economy The threat of hyperinflation has haunted fiat money economies throughout history. Although past empires crumbled under the weight of unrestrained money printing, modern bankers at the Federal Reserve assure us that today’s financial system is immune to such a fate. Austrian business cycle theory, however, reveals that […]
The Fed Hits 3,000 Percent Inflation
The Fed Hits 3,000 Percent Inflation The US economy was pushed to extremes during the pandemic recession and subsequent recovery. The unemployment rate peaked at 14.7 percent, the highest in the post-World War II period. Inflation reached its highest rate in 40 years, prompting the Fed to raise short-term interest rates to their highest levels since 2007. As of June, […]
ANALYSIS: Will Zimbabwe Pave the Way for Gold-Backed Money?
ANALYSIS: Will Zimbabwe Pave the Way for Gold-Backed Money? People walk past the Reserve Bank of Zimbabwe building in Harare, Zimbabwe, on Feb. 25, 2019. (REUTERS/Philimon Bulawayo/File Photo) Will gold rescue Zimbabwe from the ashes of economic despair and usher in a new economic era? Since Zimbabwe declared independence from the former Republic of Rhodesia […]
Hyperinflationary Hell: Lebanese Central Bank Devalues ‘Lira’ By 90%
Hyperinflationary Hell: Lebanese Central Bank Devalues ‘Lira’ By 90% Cash is now king in Lebanon, where a three-year economic meltdown has led the country’s once-lauded financial sector to atrophy and turned the country into a Venezuelan-esque hyperinflationary hell. The country has been hit hard by events over the past few years, starting with COVID. In […]
The Fed Is a Purely Political Institution, and It’s Definitely Not a Bank.
The Fed Is a Purely Political Institution, and It’s Definitely Not a Bank. Those who know Wall Street lore sometimes recall that Fed chairman William Miller—Paul Volcker’s immediate predecessor—joked that most Americans believed the Federal Reserve was either an Indian reservation, a wildlife preserve, or a brand of whiskey. The Fed, of course, is none of […]
For Freak’s Sake, People, Even the Crash Test Dummies Are Nervous
For Freak’s Sake, People, Even the Crash Test Dummies Are Nervous Those trusting the Fed to be visibly weak, corrupt and incompetent forever might be in for an unwelcome surprise. When even the crash test dummies are nervous, it pays to pay attention. Being in a mild crash isn’t too bad if all the protective devices […]
Fed Chair Faces the Ultimate Lose-Lose Decision
Fed Chair Faces the Ultimate Lose-Lose Decision Photo by Vadim Sadovski The U.S. economy teeters between two catastrophes: wild and untamed hyperinflation that turns cash into wallpaper, or an epic crash that would make 2008 look like a day at the beach. Federal Reserve Chairman Jerome Powell has led the U.S. government’s monetary policy to this […]
“Minsky Moments Almost Certainly Await”: Nomura Fears ‘Collateral’ Damage From The QE-to-QT Transition
“Minsky Moments Almost Certainly Await”: Nomura Fears ‘Collateral’ Damage From The QE-to-QT Transition “Minsky Moments” almost certainly await, warns Nomura’s Charlie McElligott in his latest note as he reflects on a massive week ahead for markets. With Powell testimony and bunches of Fed speakers, along with US economic releases headlined by the market’s most important datapoint in the […]
Is the Crack-up Boom Here?
Is the Crack-up Boom Here? Bloomberg News recently solicited advice from Argentinians who lived through that country’s high inflation on how Americans should cope with rising inflation. The Argentinians suggested Americans spend their paychecks as fast as possible to avoid future price increases. They also suggested taking out loans that can be paid back later […]
The Taper Next Door: Bank of Canada Cuts Bond Purchases by 25%. Total Assets Drop by 13%. Rate Hikes Moved Forward, Possibly July 2022
The Taper Next Door: Bank of Canada Cuts Bond Purchases by 25%. Total Assets Drop by 13%. Rate Hikes Moved Forward, Possibly July 2022 Housing craziness is front and center. The Bank of Canada, which already holds over 40% of all outstanding Government of Canada (GoC) bonds – compared to the Fed, which holds less than 18% […]
QE During the “Everything Mania”: Fed’s Assets at $7.7 Trillion, up $3.5 Trillion in 13 months
QE During the “Everything Mania”: Fed’s Assets at $7.7 Trillion, up $3.5 Trillion in 13 months But long-term Treasury yields have surged, to the great consternation of our Wall Street Crybabies. The Fed has shut down or put on ice nearly the entire alphabet soup of bailout programs designed to prop up the markets during […]
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, […]
