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The jump is almost double that recorded in the 2008 financial crisis, and borrowing is expected to increase further still in 2021, albeit at a slower pace, to reach $19.1 trillion.
Rise in Short-Term Treasury Rates May Come in ‘Direct Conflict’ with Easy Fed Policy, Warns Broker DFeb 25, 2021 - 12:13:36 PST
Rapidly evolving action in the U.S. government debt market now suggests that traders are taking on the central bank on its own turf -- shorter-term Treasury...
Bullard Says "Rosy Outlook" No Cause to Begin Discussing Pullback of Fed SupportFeb 25, 2021 - 11:39:11 PST
The U.S.'s improving growth outlook and rising market bond yields are not pushing the Federal Reserve to consider paring back the bond purchases it is conducting each month to boost the economic recovery, St. Louis Federal Reserve president James Bullard said on Thursday.
Overview: After several attempts, the euro has pushed above $1.22, and the Australian dollar has surpassed $0.8000 as the greenback remains under broad pressure against the major currencies
"The political forces supportive of anti-growth policies such as trade restrictions, higher minimum wages, perverse energy regulations, and cronyism appear to be on the rise, and they will dampen future growth. But inflation is going to be the big story of the post-pandemic economy. Get ready...
Fed’s Bullard Dismisses Concern of a Repeat of the Late-1970s Inflation Fiasco: MWFeb 25, 2021 - 11:24:31 PST
St. Louis Fed President James Bullard downplays fears that the U.S. central bank could be headed to another policy mistake on a scale of the high inflation...
U.S. Treasury Secretary Janet Yellen called for greater transparency around the use of International Monetary Fund resources and on existing stocks of debt as global finance chiefs consider an expansion in the IMF’s lending firepower.
Yields on U.S. government debt blew past another set of closely watched levels, with a key part of the Treasury curve surging past an inflection point that’s seen as potentially squelching global speculative euphoria .Yields took off with startling speed, with the rate on 10-year Treasuries reaching 1.61%, the highest in a year...
The Federal Reserve and other bank regulators are flashing a new warning sign for the U.S. economy: Businesses ravaged by Covid-19 are sitting on $1 trillion of debt and a high percentage of it is at risk of going bust.
While U.S. growth is recovering quicker than expected amid the Covid-19 pandemic, the Federal Reserve is focused on supporting the labor market that is still in crisis after losing 10 million jobs, Atlanta Fed President Raphael Bostic said.
Legendary Investor Jeremy Grantham Says the Stock-Market Bubble Could Burst before MayFeb 25, 2021 - 10:55:24 PST
'I sympathize completely with these people out there enjoying this bubble, but they've always ended very badly and I have no doubt this one will too.'
Feb 25, 2021 - 10:47:31 PST
Rahm Emanuel, as chief of staff to President-elect Obama, famously said in late 2008, “You never want a serious crisis to go to waste. And what I mean by that [is] it’s an opportunity to do things that you think you could not do before.” Dubbed “Rahm’s rule,” that principle continues to inform policy responses to the coronavirus, including a significant part of the $1.9 trillion stimulus bill advancing quickly in Congress.
Feb 25, 2021 - 10:25:19 PST
The average savings account rate among all banks is 0.04%, the lowest level since at least 2009, according to the Federal Reserve Bank of St. Louis.
In Alternative View I highlighted the $VIX as a key chart to watch in 2021 for it showed longer term structures that suggest a major volatility event is to come at some point. One of the mysteries …
The only solution is to use a non-digital, non-bank store of wealth that cannot be traced or manipulated. Given the planned dollar devaluation, it’s one more reason to own physical gold and silver.
A fast inflation is a risk for the financial markets, but worryingly also prerequisites for a run-away inflation start to be in place.
Wall Street's "fear gauge" is in a bubble, according to analysts at J.P. Morgan. Investor appetite for protective options has kept the Cboe Volatility Index elevated despite muted moves on the benchmark S&P 500, according to the bank.
After sliding for four straight months, analysts expected pending home sales to flatline in January (despite bounces in new- and existing-home sales). But, amid a collapse in mortgage applications (and jump in mortgage rates), pending home sales tumbled 2.8% MoM to the lowest level since July...
Fedcoin wouldn't need the massive computations of cryptocurrencies, but it would effectively nationalize the payment industry, competing with banks, credit cards and Venmo.
“But, there are chances that once the market prices in all the positive factors driving riskier assets, and they start consolidating, gold might emerge back and hit the $2,000 level again this year.”