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Update (1125ET): Following the major 'over-subscription' for liquidity this morning, NYFed has decided to dramatically increase the scale of its bailout for both overnight and term repo:
After July's collapse, August new home sales were expected to rebound (like existing homes - biggest jump in two years) and surprised to the upside (rising 7.1% MoM against expectations of a 3.8% rebound). However, the huge 12.8% drop in July was rev
Host:
Ernest Hancock
Paul Rosenberg (Freeman's Perspective) on his latest Parallel Society Newsletter 'Using Crisis For Fun And Profit'; Quantum Computing and Crypto - Tim Picciott (Wealth Manager @ Innovative Advisory Group) gives The Economic Report
Analyst and entrepreneur Karl Denninger says the economy is good for some people but not so good for others.
In what looks like another trade-deal victory for the Trump Administration, Apple announced on Monday that it would manufacture its Mac Pro Desktop at a factory in Austin, Texas.
Do central bankers really think negative interest rates are rational? "Calculation Error," which Bloomberg terminals sometimes display1, is an apt metaphor for the current state of central bank policy. Both Europe and Asia are now awash in $13
Are you baffled by the sudden aggressiveness of the push to confiscate your guns and silence your voice? Why are both the First and Second Amendments under such seemingly desperate assault by authoritarian tyrants?
Cynthia and Edd Staton are thoroughly enjoying retirement in their 3,000 square-foot penthouse apartment.
Liquidity Scramble: Fed Announces Overnight Repos Every Day Next Week, Introduces Term Repos
Hedge fund legend Leon Cooperman officially retired from the hedge fund business late last year, but he's still a welcome presence at CNBC's "Delivering Alpha" conference, where he sat for an interview with noontime anchor Scott Wapner.
The Fed's 25 bps but still hawkish cut and the volatility in short-term dollar funding markets continued to dominate the news cycle, yet other key asset classes didn't exhibit any particularly unusual volatility. The S&P 500 ended the day unchang
The increased costs, monetary and otherwise, associated with zoning restrictions falls most heavily on the lowest end of the income spectrum.
DÉJÀ VU 2000 OR FLASHBACK 2007? (PART I) anuary of last year.
What in the world is the Federal Reserve doing? For months the Fed has been trying to publicly convince us that the U.S. economy is "strong", and Fed Chair Jerome Powell recently unequivocally stated that "the Federal Reserve is not currently
Peter Schiff has been saying that the Federal Reserve is going to take interest rates back to zero and launch another round of quantitative easing in order to reinflate the bubble economy after the next crash.
One of the reasons for the sharply hawkish response to yesterday's FOMC meeting - one which saw both the dollar and yields spike - is that as we pointed out yesterday morning, in the hours ahead of Powell's press conference, Wall Street consensus qui
WASHINGTON--The Federal Reserve cut its benchmark interest rate by a quarter-percentage point for the second time in as many months to cushion the economy against a global slowdown amplified by the U.S.-China trade war.
It was back on August 6, in an article titled "Forget China, The Fed Has A Much Bigger Problem On Its Hands", where we explained why in response to the coming dollar funding shortage and liquidity crunch (we warned about this month's repo crash over
20 minutes after today's repo operation began, it concluded and there was some bad news in it: as we feared, yesterday's take up of the Fed's repo operation which peaked at $53.2 billion has expanded substantially, and according to the Fed, today the
While it is being ignored by most (because the S&P didn't crash), the chaos in the Fed-controlled short-term liquidity markets should panic everyone as for the first time in a decade, NYFRB was forced to inject liquidity for o/n repo...
Over the last few days, the internet has been abuzz with commentary about the spike in interest rates. Of course, the belief is that the spike in rates is "okay" because the market are still rising.
Update 4: It's over: after a torrid 30 minutes in which the NY Fed first announced a repo operation, then announced the repo was canceled due to technical difficulties...
When the price of oil rises dramatically, that tends to be really bad for the U.S. economy.
There is hesitation among the political class as to what must be done to pay down and eliminate this debt.
As the economy cycles down through fall, there is new, alarming data by professional services firm BDO USA LLP, first reported by The Wall Street Journal, that indicates retail bankruptcies continue to rise as store closures have already outpaced all
Ron Paul is warning negative interest rates will crush the global economy.
Innovation moves the world forward, but not painlessly.
Doug Casey's Note: David Stockman is a former congressman and director of the Office of Management and Budget under Ronald Reagan.
When the next bubble bursts - and it will - be sure to take a look back at this article. It might help explain some things.
Doug Casey's Note: David Stockman is a former congressman and director of the Office of Management and Budget under Ronald Reagan.
