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While it received far less attention that the Fed's dot plot, the only thing that the Fed actually did change yesterday were its administered rates, as it raised the rate on its overnight Reverse Repo facility from 0% to 0.05% and the rate on excess
After spiking dramatically on the "hawkish" FOMC statement, the long-end of the yield curve has utterly collapsed this morning with 30Y Yields down 10bps from its highs...
This issue has been lurking in the background for months. Where I live, there are almost no homes on the market for rent.
And why should anyone believe the Fed? Inflation has been soaring, yet the Fed has been completely dismissive of it, claiming that inflation is 'transitory', i.e. it's a temporary phenomenon that will eventually stop.
The RV boom has left many dealers with limited inventory or even empty lots. Thor's backlog of orders is a whopping $14.32 billion as of late April, the company's latest filing said. That's up 32.5% from $10.81 billion at the end of January and up
Dear Mr. Powell, Fed is holding rates at zero and buying $120 billion in bonds every month in the face of 17.4% export price inflation...
"The Fed Has Lost Control" - Peter Schiff Warns Tucker Carlson About Skyrocketing Prices & The Inflation Tax
Following the latest hot inflationary print, more investors are becoming skeptical of the Fed's view that inflationary pressures are "transitory".
While the country fought a deadly pandemic for more than a year and schools remained closed, the education system in Pennsylvania received more federal aid than health care systems did.
Michael "Big Short" Burry: This Is The Greatest Bubble Of All Time In All Things "By Two Orders Of Magnitude"
Presenting the boldest FOMC preview from repo guru Scott Skyrm of Curvature Securities
With a lack of stimmies to keep the spending dream alive, analysts expected a 0.8% MoM plunge in retail sales (confirming BofA's recent perfect streak of predictions), but the data was even worse, tumbling 1.3% MoM...
Gas prices hit a nationwide average of $3.08 per gallon on Monday, driven by the cost of crude oil.
Gas prices hit a nationwide average of $3.08 per gallon on Monday, driven by the cost of crude oil.
A number of lawmakers in Latin American countries have expressed their interest in bitcoin following El Salvador passing the law making the cryptocurrency legal tender.
Overall industrial production remains 1.5% below pre-COVID-Lockdown levels...
"...the last thing it can do is tell the truth because it knows, like Jack Nicholson knew, we can't handle the truth. So, they spoon-feed us a lie..."
Who's right? The Bond market or the massive herd screaming inflation?
The "quits rate" hit a record 2.7% in April. Private workers quit at a record 3.1% rate.
It would be difficult to find a better example of moral obtuseness than the mindset that leftists/liberals/progressives/socialists have toward wealth and poverty. (I'll use the term "liberals" for the rest of this essay.)
Judge halts Biden's 'unconstitutional' $4BN program to pay up to 120% of black, Hispanic, Asian or Native American farmers' debt after 12 white farmers sued
The Fed's destructive money-pumping has many victims, but chief among these is the Wall Street financial narrative itself.
House prices in the United States are being pushed up by pension funds that are outbidding middle class families and purchasing up to 24% of houses in some areas they then rent out, according to a new report.
Inflation is making headlines all over the country, but the mainstream media is not being honest about the true severity of the crisis.
"This Is Wealth Redistribution": Blackrock And Other Institutional Investors Buying Entire Neighborhoods At Huge Premiums
What is going to happen to housing in the second half of 2021 and beyond. Ken breaks it down with an analysis of his 5 predictions for 2022 and beyond and highlights the opportunities available.
Texas Senator Claims People Are Flocking to Bitcoin Because US Is on 'the Verge of an Inflation Crisis'
An unprecedented thing is happening – and it isn't the attempt to inject every healthy American with "medicine" (sic) their health doesn't require.
"unfavorable perceptions of market prices reduced overall buying attitudes for vehicles and homes to their lowest point since 1982."
'It could be devastating': Deutsche Bank warns 5% inflation may get WORSE as prices rise at fastest rate since 2008 Great Recession and GOP blame Biden's stimulus programs
