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    First Rule Of QE Club, Don't Call It QE
Oct 9, 2019 - 12:52:33 PDT
The Fed rhetoric that implies end of cycle is being confirmed by the continued data deterioration. The Fed got behind the curve, and now they are now attempting to catch up.
The rate at which black swans are showing up in the world should scare the hell out of people. But, unfortunately, everyone seems to be lost in the highly complex technology of I-phones, computers, social media...
The Federal Open Market Committee approved a quarter-point rate cut at the Sept. 17-18 meeting, putting the overnight funds rate in a target range of 1.75% to 2%.
Having cut rates (as expected) and suffered dissents (2 hawkish, 1 dovish) at the September FOMC meeting, things have not gone exactly as planned for Mr. Powell and his pals.
Once we understand this mechanism, we understand that labor can never get ahead.
Investors are skeptical.
Barely noticed in a corner of the financial markets, leveraged loans originally worth about $40 billion are staging their own private meltdown.
The average interest rate on credit cards continues to hover close to record levels, newly released data from the Federal Reserve show.
    Why Central Banks Are Edging Away from the Dollar - FT
Oct 9, 2019 - 09:12:04 PDT
The US dollar has long towered over global markets and finance. But cracks are starting to appear in the edifice. The greenback’s pre-eminent role in official funds and international trade is formidable ...
CNBC's Rick Santelli is joined by Jim Bianco, Bianco Research, to discuss what U.S. economic indicators are showing for the U.S. economy.
We don't even have to take a trip down the rabbit hole to find this smoking gun. It's right there in plain sight...
The effects of the Federal Reserve’s interest-rate cuts will be felt for an extended period.
Stephen Gallagher stands out among Wall Street economists because he’s one of the few willing to go on the record to forecast a recession in 2020. And...
    Job Openings Plunge To 17 Month Low
Oct 9, 2019 - 07:28:34 PDT
Slide In Hiring, Quitting Confirms Job Market Slowdown...
    Gold & Silver in Q3: Beating All Comers
Oct 9, 2019 - 06:53:14 PDT
Our quarterly report is to provide an update on the context of gold and silver price activity. We hope you find it useful as the precious metals market forges ahead. This update briefly examines the performance of gold and silver vs. other major asset classes during the third quarter of 2019, along with YTD performances. We also highlight the increased participation that has occurred in this market, along with specific conditions that could impact it in the final quarter of 2019.
ETF gold holding reached all-time highs in September.
Globally, gold-backed ETFs added 75.2 tons of metal to their holdings last month, according to the most recent data released by the World Gold Council. That brought total gold holdings to 2,808 tons, eclipsing the previous record set back in 2012 when the price of gold was near $1,700 per ounce.
The Fed "will struggle to convince markets that a resumption of Treasury purchases to avoid future money-market turmoil is not another round of quantitative easing"
SD Midweek Update: To any Goldbugs out there thinking that China is somehow coming to our rescue, here's some bad news...
Yesterday, Jerome Powell announced that the Fed will soon launch another round of quantitative easing. Except he insisted it will not be doing quantitative easing.
This is not QE. In no sense is this QE."
What the Fed will be doing, according to Powell, is expanding its balance sheet. Powell said details of the process will be explained in the following days, but it will involve the purchase of Treasurys.
This sounds an awful lot like QE, as Peter Schiff emphasized in his podcast.