Hail Zorp! The Fed Waited Too Long (Again) To Fight Inflation, Now Banks and Consumers Are Getting Hammered (Mortgage-backed Securities Got Clobbered Once Fed Started Raising Rates)

by confoundedinterest17 Former Fed Chair (and current Treasury Secretary) Janet Yellen protected President Obama by raising The Fed’s target rate only once while Obama was in office. Then raised rates 8 times after Donald Trump was elected in November 2016. …

READ MORE

Argentina Raises Benchmark Leliq Rate By 300 Basis Points To 78% To Fight Inflation Of 102.5% (While Fed INCREASES Balance Sheet To Fight Banking Crisis)

by confoundedinterest17 Cry for Argentina! Their central bank boosted its benchmark Leliq rate by 300 basis points to 78%. The monetary authority’s board considered the increase in response to accelerating inflation and after leaving the key rate unchanged for several …

READ MORE

In late 2007, the Fed and major US banks were predicting a soft landing…. We are now witnessing the largest ever “fight the Fed” movement… This week is going to be a historic week

In late 2007, the Fed and major US banks were predicting a soft landing. pic.twitter.com/o94TVxmLnC — Alf (@MacroAlf) January 29, 2023 IMF, Wall Street, FOMC and regional Fed were all on the same page Albert. ''Soft landing ahead''. It did …

READ MORE