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Fed Powell Owned At Least $1.5 Million In Municipal Bonds Like The Ones The Fed Bailed Out In 2020Sep 20, 2021 - 05:10:11 PDT
n a revelation that should really surprise no one who has been paying attention for the last couple decades, it was reported late last week that Chairman Jerome Powell owned the same type of municipal bonds that the Fed stepped in to buy during the Covid crash in markets around March 2020.
Fed chairman Jerome Powell has decided the Fed ought to “review” its ethics policies after it was revealed that high-ranking personnel at the Fed were actively trading stocks even as the Fed was busy pulling the levers on monetary policy.
Treasury Yields Lower As Worries of Potential ‘Lehman Moment’ for China Fuels Debt Buying: MWSep 20, 2021 - 05:05:08 PDT
U.S. Treasury yields on Monday were falling and prices rallied, as the potential collapse of Chinese property development company rattled investors, raising the prospect of a spillover into other global markets.
This Is How Contagion From Evergrande's Default Will Spread To The Rest Of The WorldSep 20, 2021 - 05:03:53 PDT
"There is probably no company that is more representative of the investment bubble than Evergrande. Its the biggest pyramid scheme the world has yet seen."
For the first time in 10 months, fewer than 75% of S&P 500 stocks closed above their 200-day moving averages on Friday, according to SunDial Capital Research. That ended the fourth longest positive streak since at least 1928.
METALS & MARKET UPDATE SEPT 19th: Important Dynamics In Natural Gas Market Are Preview Of Energy Cliff & Silver P...September 19, 2021
If you want to know what the Energy Cliff will look like in the future and the coming higher silver prices... well, pay close attention to the crazy Natural Gas Market. In this Metals & Market Update, I provide 25 charts in this video presentation and explain why we will likely see higher energy prices...
This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock data at the Comex to show the physical movement of metal into and out of Comex vaults.Registered = Ready for Delivery,Eligible = Warrant assigned but can be made available for delivery
Legendary investor Jim Rogers has seen more market ups & downs than most people alive today - making a LOT of money in the process. But given today’s macro environment, he’s more concerned about the market’s future prospects than he’s ever been before.
Renovators discovered a hidden box and pouch stuffed with rare gold coins, minted during the reigns of French Kings Louis XIII and Louis XIV
Ministry of Manipulation: No Wonder Trust and Credibility Have Been LostSep 17, 2021 - 12:46:45 PDT
Now that every financial game in America has been rigged to benefit the few at the expense of the many, trust and credibility has evaporated like an ice cube on a summer day in Death Valley.
The Biden administration is aiming to bolster the Internal Revenue Service by adding bank account reporting requirements to Democrats' massive tax and spending bill, prompting a swift backlash from Republicans who have warned it infringes on customers' privacy.
U.S. Debt Ceiling Impasse? Fed’s ‘Loathsome’ Game Plan for the ‘Unthinkable’Sep 17, 2021 - 12:27:12 PDT
Treasury Secretary Janet Yellen says failure to raise the U.S. debt limit could lead to the unthinkable: a default on government payment obligations. That's an outcome the White House on Friday warned could plunge the economy into recession.
The eurozone inflation scenario could indicate higher prices than currently forecast if the coronavirus does not cause more shocks, according to Martins Kazaks, a member of the Governing Council of the European Central ... Read more
40-years of economic erosion and deficit deniers remain. The belief debt "doesn't matter" stems from the basis the economy hasn't collapsed.
Democrats' push to lift the SALT cap will erase most of the tax hikes on top earning Americans, according to Bloomberg.
As and when Treasury market yields are significantly negative, look for pressure to grow on the Federal Reserve Board to come to the rescue of MM funds and banks. That ringing can just you hear in the background is the zero rate alarm. Sound for collision.
The deal was disclosed in a financial disclosure signed by Nancy Pelosi on July 2. The transaction netted Paul a gain of $4.8 million at the time. It also caused suspicions of potential insider trading as the exercise came a week before the House vote on anti-trust legislation to break up big tech companies, including Alphabet, Bloomberg reported.
Sep 17, 2021 - 11:30:53 PDT
"In America, capitalism is our system, it is our economic system, but it has not served our economy as well as it should," she told a Chatham House event. "So what we want to do is not depart from that, but to improve it."
What Comes After Mind-Blowing Free-Money Blow-Off Spike in Retail Sales? A Spike Doesn’t Spike ForeverSep 17, 2021 - 11:17:31 PDT
Powered by price increases.
Americans Panic Over Soaring Inflation, Buying Conditions Hit The Worst On RecordSep 17, 2021 - 11:12:43 PDT
One month ago, when looking at the internals of the UMich report, we noted that there was "A Sudden Negative Change In The Economy" as consumer spending intentions collapsed. One month later, it has only gotten worse.