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Fed Powell Won’t Rule Out Hike Every Meeting To Tackle Highest Inflation in a GenerationJan 26, 2022 - 12:37:18 PST
Federal Reserve Chair Jerome Powell said the central bank was ready to raise interest rates in March and didn’t rule out moving at every meeting to tackle the highest inflation in a generation.
Oil prices are at their highest level in more than seven years, adding to inflationary pressures seen across the economy.
Real-Time Updates of the Big Fed Decision and Jerome Powell's Press Conference at 2:30pm ETJan 26, 2022 - 11:04:24 PST
The Federal Reserve is set to conclude its January policy meeting Wednesday at 2 p.m. ET.
The Federal Reserve on Wednesday indicated it could soon will raise interest rates for the first time in more than three years.
Jan 26, 2022 - 11:01:30 PST
The linchpin that allows the world’s nefarious central banking model to be so effective is that the commonfolk - the plumber, the electrician, the teacher, the bartender, bus driver or barber - don’t understand it.
The problem: The US is the most hyperfinancialized economy in the world, any hit to financial assets will instantly smother the economy.
Yet on top of this mess, the Federal Reserve has been supercharging inflation by shoveling money into the US economy by the trillion.
Jan 26, 2022 - 10:04:50 PST
David Einhorn warns that the Federal Reserve is playing with fire and is fueling inflation. Greenlight Capital commentary for the forth quarter ended December 31, 2021.
Standing in front of a local coin shop, I asked people if they'll trade my 1 oz Canadian maple leaf gold coin for random things they're carrying, including a soda and some ice cream
The “Goldilocks” period of the past 25 years is ending, and the world needs to prepare for a future of inflation, slower growth and labor shortages, the renowned value investor said in a Bloomberg “Front Row” interview.
Trade Deficit in Goods Tops $1 Trillion in 2021 for First Time As U.S. Gobbles Up Imports: MWJan 26, 2022 - 08:59:23 PST
The numbers: The U.S. trade deficit in goods topped $1 trillion in 2021 for the first time ever, as an economic recovery enabled Americans to snap up a record amount of imports such as toys, cell phones and appliances. For all of 2021, the trade gap in goods rose to $1.08 trillion from $893.5 billion in the prior year. The deficit in 2020 had also been a record high.
The United States of America had existed for 210 years — and 40 presidents had served as this nation's chief executive — before the debt first topped $2 trillion in 1986.
The number of traders who beat the indices soundly over both Bull and Bear markets are very few in number.
Credit Card Interest Rates Will Jump As Fed Tries To Drive Down InflationJan 26, 2022 - 07:56:18 PST
"Credit card debt is already very expensive and it will probably become even more costly in 2022," Rossman said.
Sales of new U.S. homes rose in December to a nine-month high, indicating firmer demand at the end of 2021 despite high prices and still-limited inventory.
Jan 26, 2022 - 07:51:43 PST
US new home sales spiked in December by 11.9% from November, but were down 14% year-over-year.
Liquidity has dried up and the most speculative issues have taken the biggest hit. Cathie Wood's ARK ETF is an excellent example.
Jan 26, 2022 - 07:24:00 PST
There is no safety, as in times past when the Fed was draining money out of the economy and could just flip back to pumping money in, because the Fed is running the outflow pump fast and furious, and the Fed has no option for reversing the pump or even just stopping it this time around.
We now have the highest rates of inflation in forty years - but this inflation is much more painful than it was forty years ago.
Jan 26, 2022 - 07:15:45 PST
CNBC had an interesting Homer Simpson-moment when the Jubilee Debt Campaign suddenly realized that there was enormous debt outstanding, fueled by Central Banks and governments. They are only now realizing that Central Bank zero-interest rate policies leading to massive debt issuance may be a problem??