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Tag Archives: Wall Street
15 Facts Which Prove That A Massive Economic Meltdown Is Already Happening Right Now
15 Facts Which Prove That A Massive Economic Meltdown Is Already Happening Right Now Economic conditions just keep getting worse. As we prepare to enter 2023, we find ourselves in a high inflation environment at the same time that economic activity is really slowing down. And just like we witnessed in 2008, employers are conducting […]
No Surprise: Wall Street Wants to Raise the Target Inflation Rate above 2 Percent
No Surprise: Wall Street Wants to Raise the Target Inflation Rate above 2 Percent Price inflation in the United States remains stubbornly high, with October’s print at 7.7 percent. The Fed’s preferred measure, so-called core inflation is only two-tenths of a percent below 40-year highs, at 6.3 percent. Yet, it was just last year that […]
Morgan Stanley Jumps On The $100 Oil Bandwagon
Morgan Stanley Jumps On The $100 Oil Bandwagon Morgan Stanley expects oil prices to hit $100 per barrel in the second half of the year, becoming the latest major Wall Street bank to expect triple-digit oil prices by the end of 2022. The oil market is headed to a “triple deficit” of low inventories, low […]
China’s Crackdown on Debt, Tech & Evergrande Sends Frazzled Wall Street Titans to China
China’s Crackdown on Debt, Tech & Evergrande Sends Frazzled Wall Street Titans to China The property sector and its debts are possibly the biggest financial mess in China’s history. The crackdowns by Chinese authorities on some of the biggest hype-and-hoopla industries have sent investors heading for the exits. There is a crackdown on debt to […]
The Fed Says, “Let Me Squeeze Your Dollars…5 Basis Points at a Time”
The Fed Says, “Let Me Squeeze Your Dollars…5 Basis Points at a Time” I still maintain no one will mark June 16th, 2021 as the day the world changed. Watching the dollar surge into this weekend thanks to a breakdown in the euro only validates that conclusion in my mind. Remember, on June 16th Presidents […]
Weekly Commentary: Dangerous Addiction
Weekly Commentary: Dangerous Addiction July 20 – Reuters (Karen Pierog): “Risk-off sentiment that drove Monday’s sell-off on Wall Street and rally in U.S. Treasuries widened credit spreads on corporate bonds to multi-month highs. The spread on the ICE BofA U.S. High Yield Index, a commonly used benchmark for the junk bond market, spiked from 318 […]
Struggling to Make a Profit, Fracking Investors are Searching for the Exit
Struggling to Make a Profit, Fracking Investors are Searching for the Exit Banks and investors have given up on the U.S. fracking industry, which is bad news for current investors who waited too long to get out. Derricks Credit: Pay No Mind (CC BY-SA 2.0) and Going out of business sign Credit: Michael Steeber (CC BY-SA 2.0) Photos adapted by: Justin Mikulka […]
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 […]
Three-Card Monte, Wall Street-Style
Three-Card Monte, Wall Street-Style Their operation was in jeopardy, their ‘business model’ at risk. Their reaction was typical for the brazen barons of finance, writes Michael Brenner. Surer than Three Card Monte, from the Tricks with Cards series (N138) Duke, Sons & Co. to promote Honest Long Cut Tobacco, 1887. (Metropolitan Museum of Art/Jefferson R. […]
Market Weekly: Game Stop Revolution or the Matrix Reloaded?
Market Weekly: Game Stop Revolution or the Matrix Reloaded? I have to say as revolutions go, this one is hilarious. Game Stop opened this morning above $330 per share, a sentence I never thought in a million years I’d ever write. This open nearly ensures that all the attempts yesterday to push the price back […]
GameStop: Why the elites hate peer-to-peer power
GameStop: Why the elites hate peer-to-peer power During Great Britain’s golden age of gambling, a Scot named William Cunninghame Graham—losing at cards, out of money, but not yet ready to quit for the evening—secured a loan of 1,000 pounds from a Colonel Archibald Campbell. Graham pledged as security the use of his estate to Campbell […]
Update on Fed’s QE: The Crybabies on Wall Street, which Clamored for More, Are Disappointed
Update on Fed’s QE: The Crybabies on Wall Street, which Clamored for More, Are Disappointed And five SPVs expired, including the one that bought corporate bonds and bond ETFs. The Fed has now put on ice five of its SPVs (Special Purpose Vehicles) which had been designed back in March to bail out the bond […]
Lessons From Wall Street: Notes From The Edge Of The Narrative Matrix
Lessons From Wall Street: Notes From The Edge Of The Narrative Matrix Whoever controls the narrative controls the world. That’s all you’re seeing in efforts to manage information via censorship, algorithm changes, “fact” checking, Russian propaganda panic, etc. Humans are story-driven animals, so if you control the stories you control the humans. ❖ Lessons from […]
Instability
Instability In every century the same thing happens at one point or another. Society loses the plot and gets caught up in a mania, a grandiose exercise in self delusion. It can be political, it can be religious, and yes it can be economic. Sometimes these manias are confined to regions or small groups of […]
Update on the Fed’s QE
Update on the Fed’s QE No Wonder the Cry Babies on Wall Street are clamoring for more. Five SPVs, already on ice, will expire on December 31. The Fed released details today of its corporate-bond purchases in November ($215 minuscule millions) and corporate-bond ETF purchases in November (zilch). Last time it bought any ETFs had […]
