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JP Morgan CEO Jaime Dimon acknowledged that the stock market is rising only because the Fed is using taxpayer dollars to save large companies. He said, "The Fed's liquidity, bringing out the bazooka, is propping up stock prices (as well as all ot
Our observation that as of this moment the Fed owns, via the HYG and JNK ETFs, bonds of bankrupt rental company Hertz sparked inexplicable outrage in the bullish camp.
Our observation that as of this moment the Fed owns, via the HYG and JNK ETFs, bonds of bankrupt rental company Hertz sparked inexplicable outrage in the bullish camp.
Our observation that as of this moment the Fed owns, via the HYG and JNK ETFs, bonds of bankrupt rental company Hertz sparked inexplicable outrage in the bullish camp.
On March 23 - the day the S&P dropped to its cycle low of 2,237 - the Fed stunned capital markets when it announced it would purchase investment grade corporate bonds, traversing a Rubicon into secondary market intervention that not even Ben Bernan
What nobody dares whisper is 'there is no alternative to collapse' because the system is now too fragile and brittle to survive.
The Federal Reserve is an unconstitutional government-created monopoly. Bankers and politicians can act recklessly, while the rest of the population suffers the consequences and pays the price
The Federal Reserve is an unconstitutional government-created monopoly. Bankers and politicians can act recklessly, while the rest of the population suffers the consequences and pays the price
Currently, the Fed is injecting liquidity into the markets and economy at a record pace. While liquidity does have positive short-term benefits, is the Fed walking into a trap?
Currently, the Fed is injecting liquidity into the markets and economy at a record pace. While liquidity does have positive short-term benefits, is the Fed walking into a trap?
Western Civ's most infamous encounter with pandemic disease, so far, was the big first wave of the Black Death that had a marathon run from 1346 to 1353. That bug was the real deal. It killed folks left and right, every age group, every social stat
This is not a man who's comfortable thrust into a position of leadership. Say what you want about Ben Bernanke, and there's a lot that still needs to be said, he at least carried on with the arrogance through thick and thin (almost entirely the l
The bubble spawned by the Fed in the corporate bond market this year - which was already at unprecedented levels thanks to record low interest rates before Powell's March announcement...
The Fed Enters Monetary Light Speed Ben Kenobi: How long before you make the jump to lightspeed? Han Solo: It'll take a few moments to get the coordinates from the navicomputer. Luke Skywalker: Are you kidding??! At the rate they're gaining...
The Market pared back bets on negative interest rates but questions still persist.
Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin will give their first report on the economic stimulus programs implemented by the $2.2 trillion CARES Act when they testify before the Senate Banking Committee on Tuesday.
Powell's promise to the American people that there is a "lot more [the Fed] can do", coupled with his 'explanation' that the Fed "prints money digitally", alongside the news that a tiny coronavirus vaccine trial showed promise, was enough to unleash
With US stocks soaring to start the week on the combination of Powell's 60 Minutes affirmation that the Fed's money printer go BRRRRR to 11 (as Nomura's Charlie McElligott poetically puts it) coupled with favorable news of a coronavirus vaccine trial
Who? None other than Fed Chair Powell - saying on '60 minutes' for a mainstream audience that "Assuming there's not a second wave of the coronavirus, I think you'll see the economy recover steadily in the second half of this year."
It took Jerome Powell just two days to confirm what we said late on Friday, namely that with the Fed expected to boost QE by over $3 trillion (assuming Powell doesn't cut rates negative), the Fed chair said that "there's a lot more we can do" and j
The biggest bubble ever created, was created by the counterfeiting of The Federal Reserve. As with all financial bubbles, it was destined to burst and inflict the biggest economic bust in history.
Gold extended its rally to a fresh seven-year high after the Federal Reserve warned of potential asset-price declines as an economic recovery could stretch through until the end of next year. Palladium jumped.
Update: In implicit confirmation of everything said below, in his 60 Minutes appearance, Jerome Powell said that "There's a lot more we can do. We've done what we can as we go.
Fed -- The misnamed Federal Reserve isn't federal. It's owned and controlled by major Wall Street banks.
Back in mid-January, Grant Williams, Mike Maloney, Charles Hugh Smith, Chris Martenson and I sat down for an in-depth discussion on the dangerous distortions to financial markets and the global economy that central bank intervention is causing.
On Thursday, May 7, an unprecedented event took place: after a violent repricing in Eurodollar contracts as near as November 2020, for the first time ever the market was pricing in that negative interest rates are not only coming to the US, but would
Last week, the Treasury shocked the world when it announced that in the current quarter (the 3rd of the fiscal year), the US will need to sell a mindblowing, record $3 trillion (pardon, $2.999 trillion) in Treasurys to finance the US money helicopter
On Tuesday, the US officially crossed over into some bizarro version of a crony, centrally-planned mandated pricing model that is anything but a market when the Fed started buying corporate bond ETFs for the first time ever
