by confoundedinterest17 U.S. lumber futures rallied as much as 4% to $1,541 per 1,000 board feet Wednesday, the highest ever for a most-active contract. The surge came as voracious home-construction and renovation demand sends builders scrambling to secure the wood they need. Prices have …
By Matthew Piepenburg Recently, my colleague, Egon von Greyerz, and I had some unabashed yet blunt fun calling out the staggering levels of open hypocrisy and policy desperation unleashed by former Fed Chairman, Alan Greenspan. Poor Alan was an easy target of …
Federal Reserve Chairman Jerome Powell reiterated on Wednesday that cyber threats pose a bigger threat to the U.S. economy than the risk of another systemic breakdown in the financial system seen during the 2008 recession. In an interview with David Rubenstein at the …
In today’s show, you will learn what Fed Chair Powell got right and wrong in his 60 minutes interview, how the Facebook SMB report suggests the elevated weekly unemployment claims are due to struggling small businesses, how today’s Treasury auctions …
Giving thanks to Powell. https://t.co/z4OAYdf65q — Danielle DiMartino Booth (@DiMartinoBooth) April 5, 2021 https://twitter.com/SmellsBadInHere/status/1379074190616199169 ISM Services hot as hell pic.twitter.com/FALc3LRqTx — Claire, aka Midwestern Hedgie 🏳️⚧️ (@MidwestHedgie) April 5, 2021 https://twitter.com/TommyThornton/status/1379444945338130433 Sideways is the new down. — John Tuld (@BradHuston) …
by confoundedinterest17 Freddie Mac’s 30-year mortgage commitment rate keeps on rising. Now to 3.17%. This is happening at the 10-year Treasury yield continues to climb. Note that interest rate volatilty (SRVIX) surged and remains elevated compared to equity volatility (VIX). (Bloomberg) …
by Arkadiusz Sieron of Sunshine Profits Although dovish, Powell downplayed the bond yield rally. The Fed’s more tolerant stance on inflation is good for gold, but the metal may continue its bearish trend in the short-term. In the last edition of the Fundamental …
By Matthew Piepenburg For quite some time we have been warning about the rising shark fin of rising yields and rates. As of this writing, one can almost hear John Williams’ orchestral theme song to Jaws ringing in the ears. The Slow Creep …
Something doesn’t add up. And at the core of this charade is the fact that the U.S. economy is hooked on artificially low interest rates. You see, the damage from the previous rate hikes and balance sheet reduction is already …
If the banks have restructured such that debt risk has been placed in the hands of (debt) holders rather then the banks why are the banks involved at all? This is almost identical to the attitude that yielded the 2007 …
Chris Powell, Treasurer and Secretary of the Gold Anti-Trust Action Committee (GATA), has been trying to get the U.S. government to come clean about massive market manipulations. GATA says they have hit a stone wall of silence. Powell concludes, “Presumably, …
WASHINGTON (Reuters) – U.S. President Donald Trump may feel he is “stuck” with Federal Reserve Chairman Jerome Powell, whom he has blasted for engineering four interest rate hikes since Trump appointed him, but none of Trump’s other Fed appointees has …
Josh Sigurdson reports on the recent breaking news that Trump is nominating Stephen Moore for the Board of Governors at the Federal Reserve. Moore is a so-called Fed critic as he has been critical of Jerome Powell’s raising of …
by Lance Roberts In a widely expected outcome, the Federal Reserve announced no change to the Fed funds rate but did leave open the possibility of a rate hike next year. Also, they committed to stopping “Quantitative Tightening (or Q.T.)” by the …
by Michael Lebowitz On Sunday, March 11, 2019, Federal Reserve Chairman Jerome Powell was interviewed by Scott Pelley on 60 Minutes. We thought it would be helpful to cite a few sections of their conversation and provide you with prior …
via kunstler: Just as presidents are expected to act presidentially, Federal Reserve chairpersons are expected to act oracularly — as semi-supernatural beings who emerge now and again from some cave of mathematical secrets to offer reassuringly cryptic utterances on mysteries of …
by Michael Krieger One of the most famous, and prescient, financial cartoons in American history is the above depiction of the Federal Reserve Bank as a giant octopus that would come to parasitically suck the life out of all U.S. institutions as …
Federal Reserve Chairman Jerome Powell said in an interview aired Sunday that he does not think he can be fired by President Donald Trump. While continuing to avoid direct comment on the president’s withering criticism of central bank interest rate …
by Nomi Prins via Daily Reckoning In the land of the Federal Reserve and its market-manipulating mechanisms, there’s now an unofficial market term called the “Powell Put” or the “Powell Pivot.” It is in direct reference to Fed chairman Jerome Powell. Before he …
by Tho Bishop via Mises Wire Today Jerome Powell got out of the beltway and enjoyed some southern hospitality at Mississippi Valley State University, speaking at the Hope Enterprise Corporation Rural Policy Forum. Most of the Fed Chairman’s talk was dedicated …
by jessefelder Jesse Livermore said, “History repeats itself all the time in Wall Street.” Well, it certainly looks like there is a decent chance we are now repeating the 1937 episode Ray Dalio recounted a while back. The similarities are simply stunning. …
"I find this to be highly ironic (Powell's remarks on inequality) because the Fed has been instrumental in widening inequality by looking like they want to prop up Wall Street and the top 1%…who own 80% of stocks." @QuillIntel on …
Wall St. For Main St., Released on 1/31/19 Jason talks about Wednesday’s Fed announcement and how rate hikes and QT may be done
by Jim Quinn After yesterday’s Federal Reserve Meeting, Jerome Powell completed his one month transformation from an independent hawkish Chairman trying to do what is right for the country to a weak kneed Wall Street lackey doing their bidding, just …
TradersChoice.net, Released on 1/30/19 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several …
by David Haggith Federal Reserve Chair Jerome Powell placed his put in stocks while saying there is none. When he doubled down today on a more dovish approach to the economy, Powell claimed the Fed is not designing interest rates …
via Reuters: Federal Reserve Chairman Jerome Powell has a problem: how to explain that the Fed may soon begin to taper its ongoing asset-shedding operation without looking like he’s hunkering down for a coming recession, or caving to U.S. President Donald …
From Birch Gold Group As we enter 2019, the U.S. national debt continues to grow, approaching $22 trillion with global Government debt sitting at $72 trillion. It seems like the 21st century is hitting the U.S. with a debt “haymaker,” according to CNBC (emphasis ours): …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter In fact, QE started reversing at the end of 2014. The Fed’s balance sheet would be “substantially smaller” after the Fed gets done with its QE unwind, Fed Chairman Jerome Powell said on Thursday. How far …
by Jim Rickards via Daily Reckoning Fed Chair Jay Powell just sent the most powerful signal from the Fed since March 2015. He has pretty much taken a March 2019 rate hike off the table until further notice. At a forum hosted by …