Every single time the so-called would-be elite put themselves in a position to interact with the public, the public tears them apart. This is why the powers-that-shouldn't-be are scared to death of a fair fight on an even playing field. They lose every time.
... why listen to the nattering nabobs of negativity out in the blogosphere with their endless litany of facts and details when we have the pronouncements of the Oracle in Washington herself to base our judgement on?
...the blockchain can be used to create digital currencies that represent the very vision of a totalitarian tyrant’s wildest wet dream.
For 21 trillion to be missing it had to come from somewhere. Amen. 21 trillion isn’t chicken feed. That’s more than our entire US GDP for a year. So where did it come from, to go missing? Ahh, that’s the creepy part folks.
As always, the people know that the markets are rigged, that the dollar is a paper promise with nothing to back it up, and that the central bankers and their financier cronies are not the "Wizards of Wall Street" but the "Wizard of Oz," i.e., little men behind a curtain desperately trying to distract the public with their hocus pocus parlor tricks.
Logic says this had to end. History says it’s got to end. And yet they keep finding rabbits. I’ll be the first to admit, that I NEVER thought they could kick the cans down the road as far as they have. Yet, here we are.
...we are living in a weird inverse economic reality where cause does not follow effect and nothing does make rational sense. It's a magical world created by the wizards of Wall Street, and, to the extent that we participate in their system by using their monopoly money and investing in their rigged markets, they will continue bending those markets to their will...
Quantitative Tightening means that all those dollars that were thrown around the world over the past decade are now being sucked back into the US.
Is simply stopping rate hikes and stopping liquidity draining, going to be enough to avert the recession? OR… is it already baked in the cake, and hike or no hike, we’re getting a recession this year?
Massive Fed intervention in the markets is back with a $161-billion-a-week vengeance, and needless to say it's going to be exploding on the markets like an atom bomb.
Fed money does NOT kill corona virus. Fed money does NOT make people go shopping. So the Fed’s know this, and they wonder “do we shoot our ammunition at this thing, knowing it won’t do jack squat??” I think their answer is no.
A coming crisis will likely be triggered by a collapse in the dollar’s value and a rejection of the dollar’s world reserve currency status.
...monetary policy still operates under the existing assumption that such a tradeoff - i.e., a strong labor market and stable prices - actually exists.
To this day, to be officially counted as unemployed, you need to be earning no money at all, and you need to be actively looking for work.
So here we are, where everyone from staff at the White house, to old dinosaur Wall Street denizens, to SEC members to brokerages, are all trying to figure out what to do with these upstarts. It’s really quite funny to watch.
Most of you probably know what this past week was like in market land. Enormous swings up and down. The NASDAQ losing 2K points from its high just 14 sessions ago. Entire indexes giving up all their 2021 gains.
Shortly after the open on Friday, things went south again. The NASDAQ peeled off another 350 points, the DOW plunged red by another 200+ the S&P was blood red by 40. It was another slaughter day. Until….
As we know, sentiment — of investors, traders and plain ole households — can drive the day-to-day direction of markets as the players react to the headlines and other events.
According to Charles Schwab’s latest Active Trader Pulse survey, the pandemic is once again the leading risk factor among traders.
But I think there’s a much more sinister side to all of this in the works too. And, while I try to keep some of the more “dark” issues out of the letters, sometimes you just have to put it out there. So, what am I babbling about? Klaus and his World Economic Forum.
The Fed is playing catchup, thanks to the ever-changing economy and pandemic.
That they’re in the role of the proverbial tortoise, in an existential race versus hare-raising inflation and stubbornly persistent unemployment, is a no-brainer.
The only question is, will the world’s largest and most advanced central bank recover to overtake events of great consequence — or will those economic trials and tribulations force a reckoning, namely:
Is the Federal Reserve still relevant?
Merriam-Webster defines “discount” as “a deduction from the usual cost of something, typically given for prompt or advance payment or to a special category of buyers.”
The Federal Reserve’s “discount rate” is the interest rate charged to commercial banks (yes, they’re special) and other depository institutions on loans they receive from their regional Fed bank's discount window.