by confoundedinterest17 Can you say “All the king’s horses and all the king’s men ..” Or “All The Fed’s stimulus and all of Biden’s jobs bills ..” Yes, the Atlanta Fed’s GDPNow Q3 tracker slumped to 2.3% despite the massive stimulus …
For the first time since the 1970s the sense of fiat currency erosion relative to financial assets and consumer prices due to misguided policies has penetrated the mindset of investors in a significant way. — Otavio (Tavi) Costa (@TaviCosta) August …
By Lance Roberts Did the Fed’s “monetary policy experiment” fail? The recent dislocation between consumer confidence and the financial markets may indicate just that. “U.S. consumer sentiment dropped sharply in early August to its lowest level in a decade, in …
By Egon von Greyerz As most of the western world doubles down on easy money policies, one nation stands out and moves ahead with raising rates: Russia. This follows a pattern of a massive shift in power and dichotomization from west to …
By Egon von Greyerz The beginning of the end of the current monetary system started exactly 50 years ago. In the next few years the world will experience the end of the end of another failed experiment of unlimited debt creation …
Massive inflation is the proposal it seems with trillions more to be pumped into the economy. Food prices are rising significantly as we see the inflation at this time. More money, cash, debt, entering the system. There is an influx …
by David Stockman Socialist central planning has been elevated to a new art form based on control of the economy from the commanding heights of finance. Central banks were once in the money business, in the sense of securing its availability, …
by confoundedinterest17 I call this the Everybody’s Everything asset bubble. Take a look at Robert Shiller’s CAPE (Cyclically-adjusted Price-Earnings) ratio. It has been rising ever since The Federal Reserve and other global central banks began their interest rate suppression and quantitative easing (QE) …
YouTube/PeterSchiff, Released on 6/19/21 Jim Bullard undoes Jerome Powell’s damage control. Fed goes from not thinking about thinking about raising interest rates to now talking about talking about raising interest rates. Fed’s monetary tightening is as believable as George Costanza’s …
by Frank Shostak via Mises The increase in the growth rate of the Consumer Price Index (CPI) has fueled concerns that if the rising trend were to continue the Fed is likely to tighten its interest rate stance. Observe that the yearly growth …
from Kerry Lutz’s Financial Survival Network Michael Pento is back… The Fed’s efforts to create inflation have succeeded beyond their wildest expectations. They’ve created $4 trillion and their balance sheet is $8 trillion. We had tremendous amounts of helicopter money raising stock …
The end of cash, money, currency in this current monetary system. More money moving into the stock market. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing well. More money is being pumped …
Via InternationalMan.com, Modern Monetary Theory (MMT) centers around the notion that the economy in general, and money in particular, should be the creatures of the State. It’s not a new idea – the meme has been around in one form …
by Frank Shostak via Mises According to the National Income and Product Accounts (NIPA) the US personal savings rate stood at 13.6 percent in February 2021 against 8.3 percent in February 2020. Since consumption expenditure is considered as the driving force of the economy, obviously …
Crush The Street, Released on 4/28/21 Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He also worked for 11 years at Prebon …
Via International Man International Man: For over 2,500 years, gold has been mankind’s most enduring money. With the emergence of Bitcoin—which has piqued the interest of many—there is a new hard money option. How do you see the two as governments …
by Shaun Richards This morning has brought something which raised a bit of a wry smile. It came from the People’s Bank of China and the emphasis is mine. At the end of March, the balance of broad money (M2) …
It is not a question of whether anyone tighten monetary policy over the coming six months, it is question of which central banks that will tighten. Norges Bank and Fed are two likely options? Maybe China as well? Weekly -> …
by confoundedinterest17 Drum roll please. Fed does …. nothing. The Fed Dot Plots from today’s announcement. Compared to December’s Dot Plots. More govs are seeing higher rates in the future. Just not in 2021. The Dow rose with joy at the …
From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: How the expansion of money supply is boosting gold’s allure, an overview of last year’s precious metals …
by jessefelder The following is an excerpt from a recent weekly market comment featured in The Felder Report PREMIUM. “Somehow we need to go to an economy that is using its resources, operating at full employment, but doing so in a …
by independenttrader Over the last three months, we have seen how badly central banks can be wrong about the real economy. In October 2018, the Fed, ECB and BOJ have still planned monetary policy normalization i.e., the end of QE and …
via @OccupyWisdom : 1/ Post 2008 risk for all monetary minded people A) we are in a 10-yr depression, although it’s been called an expansion After the recession technically ended in summer 2009, we’ve averaged 2% “growth” for 10 years. This is …
by moneymetals The gaggle of socialist candidates vying to win the Democratic nomination for president all agree on one thing. They believe government should be doing a lot more. Just how to pay for all of those dreams is the question. …
by confoundedinterest This week, Turkey further roiled markets by preventing foreign banks from accessing the liras they need to close out their swap positions. That’s made it almost impossible for bankers to short the lira or exit carry trades, and forced the overnight lira …
by Shaun Richards Today I wish to invert my usual rule and open with a look at financial markets because in this instance they help to give us an insight into the real economy. The Nikkei 225 average tumbled 650.23 …
by notayesmanseconomics Yesterday brought something of a change to the financial landscape and it is something that we both expected and to some extent feared. Let me illustrate by combining some tweets from Lisa Abramowicz of Bloomberg. Biggest one-day drop in 10-year …
via caseyresearch: Justin’s note: The left has a new obsession… Modern Monetary Theory (MMT). MMT is an economic theory which essentially argues that the U.S. government wouldn’t need to collect taxes or borrow money to finance spending. It could simply print more …
https://finance.yahoo.com/news/warren-buffett-no-fan-modern-200832631.html (Bloomberg) — Turns out that billionaire investor Warren Buffett doesn’t love Modern Monetary Theory either. “I’m not a fan of MMT — not at all,” the Berkshire Hathaway Inc. chief executive officer said Friday in a telephone interview, adding …