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“She Has A Flair For Darkness” – Meet The Woman Tasked With Predicting How The Fed Will Blow Up The World
“She Has A Flair For Darkness” – Meet The Woman Tasked With Predicting How The Fed Will Blow Up The World Central bankers have two key roles: the first, and more trivial one, is to set the price of money by adjusting short-term interest rates, something they have been doing since the advent of central […]
What Can Cause the Next Mortgage Crisis in the US?
What Can Cause the Next Mortgage Crisis in the US? The soothingly low mortgage delinquency rate is a deceptive indicator: the New York Fed weighs in. Mortgage delinquencies at all commercial banks in the US inched down to 3.14% in the second quarter, the lowest since Q2 2007, according to the Federal Reserve. But after […]
The Fed and Asset Bubbles
THE FED AND ASSET BUBBLES In his speech on April 7 2010 at the Economic Club of New York the President of the New York Fed, William Dudley argued that asset bubbles pose a serious threat to real economic activity. The New York Fed chief is of the view that the US central bank should […]
Turkey Will Repatriate All Gold From The US In Attempt To Ditch The Dollar
Turkey Will Repatriate All Gold From The US In Attempt To Ditch The Dollar After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, this morning Turkey also announced that it has decided […]
Who Needs Wall Street When You Can Have A Monetary Unicorn?
Who Needs Wall Street When You Can Have A Monetary Unicorn? The single most important price in all of capitalism is the interest rate—-and at all points on the maturity curve. And the single most important truth about honest interest rates is that they must be discovered by markets, not imposed by the state. We got to […]
Hackers Used SWIFT To Steal $6 Million From Russian Bank
Hackers Used SWIFT To Steal $6 Million From Russian Bank In the latest revelation about the Society for Worldwide Interbank Telecommunication’s vulnerability to hackers – who’ve stolen tens of millions of dollars from banks and central banks mostly by stealing the special private keys used to sign off on transactions – Russian authorities revealed that […]
Household Debt Hits $12.4 Trillion As Subprime Loan Delinquencies Hit Highest In 6 Years: NY Fed
Household Debt Hits $12.4 Trillion As Subprime Loan Delinquencies Hit Highest In 6 Years: NY Fed The latest just released Quarterly Report on Household Debt and Credit from the New York Fed showed a small increase in overall debt in the third quarter of 2016, prompted by gains in non-housing debt, and new all time highs in […]
Conspiracy “Fact” – VIX Manipulation Runs The Entire Market
Conspiracy “Fact” – VIX Manipulation Runs The Entire Market Ever since Simon Potter’s 2012 arrival as head of The NYFed’s trading desk, the manipulation of VIX (and thus its reflexive levered tail wagging the algo-driven dog of the indices) has been front-and-center day-after-day in the so-called US equity ‘market’. Since the introduction of VIX ETFs there has […]
The Central Bankers’ Malodorous War On Savers
The Central Bankers’ Malodorous War On Savers Well, that didn’t take long! After just three days of market turmoil the monetary politburo swung into action. This time they sent out B-Dud to promise still another monetary sweetener. Said the head of the New York Fed, “From my perspective, at this moment, the decision to begin the normalization process […]
New York Fed’s Conference Evokes Thoughts of Violence Against Wall Street
New York Fed’s Conference Evokes Thoughts of Violence Against Wall Street. What the New York Fed attempted to pull off this past Monday with its full-day conference for the execs of wayward Wall Street banks was a public relations stunt to switch the national debate from its culture to Wall Street’s culture. Styled as a “Workshop on Reforming […]
