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Kansas City Federal Reserve President Esther George on Monday cautioned against a "rigid" approach to monetary policy in a post-pandemic era that may involve different inflation and employment dynamics than ones seen in the last few years and worked into the Fed's current...
With interest rates already low, the likely policy response will center on more government borrowing, relegating central banks to a supporting role. That backdrop will overshadow decisions this week where policy makers are expected to keep rates on hold - Indonesia, South Korea and New Zealand.
Bitcoin Traders Using Up to 100-to-1 Leverage Are Driving the Wild Swings in CryptocurrenciesMay 25, 2021 - 05:15:17 PDT
Bitcoin's aggressive declines are being driven by much more than regulatory headlines or herd mentality.
Business Groups Form Coalition to Oppose All Tax Hike Proposals by DemocratsMay 25, 2021 - 05:12:58 PDT
The coalition of 28 industry groups argues that hiking taxes on corporations will hamper the U.S. economy in the wake of the coronavirus pandemic.
Markets Are So Fixated on Inflation They Might Miss the Next Big Blowup, Says BlackRockMay 25, 2021 - 05:09:49 PDT
Geopolitical risk flareups could have an outsize impact when markets least expect it.
U.S. Treasury yields fell on Tuesday morning, following recent comments from Federal Reserve officials, allaying fears around inflation.
With the illusion of U.S. Energy Independence soon to be a memory, Americans are not prepared for the ENERGY CLIFF that will hit the country's domestic oil supply over the next 5-10 years. Unfortunately, the Shale Oil Boom is now turning into a Bust. As U.S. shale oil production plummets, it will also negatively...
In today's video update we look at a couple of charts and ratios that will give us a better understanding of where might Bitcoin bottom out in its current bear market. Many Bitcoin investors and speculators seem to be quite complacent regarding this down move. We believe that they should definitely take the time to watch our video update as it will shed some light on where Bitcoin is headed. We don't care where the price is headed... we just want to be on the correct side of the trade.
So, Basel III is coming to destroy the paper gold markets and destroy the money center banks in New York and London while setting the stage to bail out the euro-zone. Higher gold prices are the answer to all of these things. Think of it this way, in a world where debt assets are failing and new private forms of custodial assets are rising in mindshare, what’s the only real weapon the central banks have to maintain credibility?
Gold inched higher on Monday as a weaker dollar and lower U.S. Treasury yields bolstered its appeal, while investors awaited data due this week that should help them assess the pace of economic recovery in the United States.
Why did the Fed feel the need to absorb $351 billion in cash yesterday via reverse repurchase (RRP) transactions?
Three times this year, major pieces of U.S. infrastructure have failed: first the Texas power grid, then the East Coast’s main gasoline pipeline, then a freeway bridge over the Mississippi River. The crises disrupted businesses and lives, cost billions and left more than 150 Texans dead. President Joe Biden’s $1.7 trillion infrastructure package wouldn’t necessarily have...
He Fed Thinks It Can Have It All: Strong Economy, Job Growth, Stable InflationMay 24, 2021 - 12:58:08 PDT
Tension between sticky job markets and rising prices could pose a growing problem for U.S. Federal Reserve officials who have staked an aggressive monetary policy on the belief they can avoid a conflict between returning U.S. employment to pre-pandemic levels and keeping inflation under control.
But, at least in the short run, inflation fears are a false alarm. Inflation will arrive eventually, maybe in 2022 or later, but for now, the disinflationary dynamic is fully intact.
In baseball, a knuckleball is a distinctive pitch that only a very few significant leaguers can perfect. The goal of a knuckleball is to eliminate the baseball’s spin to create erratic ball movement. Despite a much slower speed than traditional pitches, knuckleballs are among the hardest pitches to hit. However, due to its slow velocity, […]
The value of our money may be the latest victim of pandemic-era policy.
The inflation of the 1970s/early 1980s is a big topic just now, but a deep dive into the historical CPI data shows the world was very different then. The CPI peak in 1974 felt awful because food/clothing was 33 pct of the index and prices were up 8-12 pct.
Ahead of today's 1:15pm overnight Reverse Repo deadline we asked if today is the day the repo market finallys crack, pushing the amount of reserves parked at the Fed to a new record above $500 billion.
May 24, 2021 - 10:41:26 PDT
Nobel prize-winning economist Robert Shiller is worried a bubble is forming in some of the market’s hottest trades. He’s notably concerned about housing, stocks and cryptocurrencies, where he sees a “wild west” mentality among investors.
May 24, 2021 - 10:38:28 PDT
The infamous financial crisis in the late 2000s caused a fundamental shift in the role of The Federal Reserve and Federal government. The cause of the financial crisis? One of the root causes was loans to subprime households coupled with the now famous ALT-A (aka, NINJA loans) which helped fuel a price bubble that burst.