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Treasury Yields Are Mixed Ahead of Powell’s Fed Summit Speech at 10 a.m. ETAug 27, 2021 - 05:14:17 PDT
Fed Chairman Jerome Powell is due to speak at this year’s virtual Jackson Hole summit at 10 a.m. ET. The July personal consumption expenditures price index, which shows any changes in the prices of good and services purchased by consumers, is due to come out at 8:30 a.m. ET.
The Pressure Is On for Powell and the Federal Reserve To Manage the Exit From Ultra-Easy PoliciesAug 27, 2021 - 05:11:52 PDT
For the Fed, implementing the easiest monetary policy in history was tough enough. Getting out will be no treat, either.
Israeli Study Shows Natural Immunity 13x More Effective Than Vaccines At Stopping DeltaAug 27, 2021 - 05:08:05 PDT
Dr. Anthony Fauci and the rest of President Biden's COVID advisors have been proven wrong about "the science" of COVID vaccines yet again. After telling Americans that vaccines offer better protection than natural infection, a new study out of Israel suggests the opposite is true: natural infection offers a much better shield against the delta variant than vaccines.
The Fed balance sheet stands at 8.33T, up 111B from the prior month end, but down in the past week by 9.9B. The chart below shows how the Fed Balance sheet has grown by instrument over the last 18 months. The major surge from COVID can be clearly seen as 2.5T was added within 2 months. The monthly changes since reflect QE on autopilot.
Aug 26, 2021 - 13:17:37 PDT
Modern consumer electronics often require rare and expensive metals to function properly. To manage costs, design engineers are always seeking ways to replace these rare metals, and in the case of touch screens they may have found a substitute.
Many gold investors might be fretting over the prospect of the Federal Reserve curbing monetary stimulus, but Germans are still loading up. Demand for physical bullion in Germany, traditionally the biggest coin and bar buyer in Europe...
Gold futures rose Thursday, touching intraday highs above the psychologically important $1,800 mark and recouping some of the losses suffered in the previous session. Investors await a speech from Federal Reserve Chairman Jerome Powell at the Jackson Hole symposium Friday for hints on the timing of the central bank's plan to scale back crisis-era monetary policy accommodations.
The post-bubble-crash phase is already being prepared: 'no one could have seen this coming'--except anyone who paid attention to anything other than self-interested shills.
Things are coming to a head. Things are changing rapidly if you pay close attention. As you know I’ve been hammering on the Fed for overdoing it on the liquidity front causing a historic asse…
Aug 26, 2021 - 12:04:23 PDT
The world financial system is sitting on the verge of a global financial meltdown of a $1.2 quadrillion derivatives time bomb which former Bank of England Governor Mervyn King stated in September 2019 is on the verge of “financial Armageddon”. This grim reality was known long before the COVID pandemic was launched during October 2019’s Event 201.
Retirement in the US traditionally begins at 65. At this age, people generally choose to permanently leave the workforce and live on a combination of investments, a pension and any other benefits they may have earned during their lives. Unfortunately, unless you begin planning early, actually doing this may prove difficult.
10 States Leading the Economic Recovery All Have One Thing in Common (And So Do the Worst Ones!)Aug 26, 2021 - 11:54:34 PDT
States that harshly restricted their economies and continue to offer expanded welfare programs are trapped in a labor market coma. Meanwhile, free states that eschewed long-term lockdowns and welfare excess are leading the recovery. That’s no coincidence!
Pressure on the unvaccinated grows. While the vaccinated in some countries are getting back some of their freedoms taken away by the covid interventions, the unvaccinated are not so well off. They are being targeted for discrimination.
Let’s compare spending in the two periods. For example, from 2019 to 2020, federal spending rose 54 percent—from 4.5 trillion to 6.5 trillion, respectively—as Congress and the White House poured money into bailouts and stimulus. On the other hand, in the wake of the financial crisis, from 2008 to 2009, spending "only" increased 14 percent, from $3.6 trillion to $4.2 trillion.
The Federal Reserve is owned by “Member Banks” that have now merged into huge brokerage, investment firms; many deemed “Too big to be allowed to fail”.
The U.S. Department of Education Department Will Cancel Student Debt for 115,000 BorrowersAug 26, 2021 - 11:16:37 PDT
The Biden administration has canceled student loans for more than 563,000 borrowers since January.
Worker interest in remote jobs grew significantly during the Covid pandemic, according to a Glassdoor analysis. That interest is unlikely to wane.
All people are driven by incentives, including senior officials at the most powerful central banks. A look at Jerome Powell's portfolio shows what incentives might drive the chairman of the Federal Reserve.
The Fed will trim back its stimulus, but it’s already too late, and it’ll be too little and too slow.
The gauge spiking is a 'very strong warning signal' of a future market downturn, the billionaire investor and Berkshire Hathaway CEO has said.