by confoundedinterest17 As I observed earlier today, US home prices are skyrocketing due, in part, to the massively loose monetary policy. But if the housing market is on fire, why is The Federal Reserve continuing to support the mortgage market through Agency …
by confoundedinterest17 Chairman Powell, tell me why The Federal Reserve is buying so much agency mortgage-backed securities (MBS) while there is a dearth of available housing inventory? Especially when home prices are growing at 12.2% year-over-year? Mortgage rates were already falling starting …
by ReeAll Heath Tarbert was a chairman of Commodity Futures Trading Commission (CFTC) till January 21 2021, when he stepped down to continue as commissioner. Now he is going straight to Citadel Securities as Chief Legal Officer, effective April 5 2021 as …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And other juicy banking nuggets. Net income in Q4 2018 among all 5,406 FDIC-insured banks and thrifts more than doubled year-over-year to $59 billion, due to “higher net operating revenue” and “lower income tax expenses”; and …
The U.S. Federal Reserve’s portfolio of Treasury and mortgage-backed securities has dropped below $4 trillion for the first time in more than four years, according to Fed data. The portfolio was assembled through three rounds of purchases starting during the …
by Thinker In the last year, the Reserve Bank of India bought 8.6 metric tons of goal, its first big purchase since 2009. New Delhi (Sputnik): The Reserve Bank of India (RBI) purchased 8.46 metric tons of gold during the …
by jetty42 FINRA is a non-government organization that has been authorized by the US Securities and Exchange Commission (SEC) to regulate Firms and individuals in the US Financial Services Industry. In FINRAs own words “FINRA is dedicated to investor protection and market integrity …
Per Axios: Tesla shareholders have proposed filing a class-action lawsuit against the company and CEO Elon Musk accusing him of securities fraud, reports Reuters. The big picture: Shareholders are say Musk’s tweet claiming he would take Tesla private was an attempt to manipulate Tesla’s …
by WARREN MOSLER Another indication of low aggregate demand this cycle: Continuing to weaken: Recovering from the dip but still has a ways to go: This component had previously leveled off at about today’s level: Actual shipments recovering but still …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The Fed shouldn’t be getting into “allocating credit.” The new Fed has trouble taking shape. The seven-member Board of Governors, which is at the core of the policy setting FOMC, has four vacant slots. President Trump’s …
by Martin Armstrong The Global Warming Conspiracy is desperately trying to destroy the world and end modern society as we know it. Of course, it is California countries who have argued in court bring a lawsuit against Exxon claiming that by 2050, their …
When three former SEC officials complain about a blatant conflict of interest, you can be assured our so-called market watchdogs are looking out for insiders rather than the American taxpayers and investors, who are paying their bills. The following piece …