David Stockman: A Messaging Tip For The Donald: It’s The Fed, Stupid!
byThe Fed’s core policies of 2% inflation and 0% interest rates are kicking the economic stuffings out of Flyover America. They are based on the specious academic…
Federal Reserve
The Fed’s Surrealistic “Melting Clocks” Monetary Policy Is the American Dream Killer
by“Houston, we’ve had a problem here.” With those low-key words, command module pilot Jack Swigert of Apollo 13 revealed that, in the later recollection of…
Mission Creep – How the Fed will justify maintaining its excessive balance sheet
byFOMC have changed their normalizing strategy several times and we now see the contours of yet another shift. The Federal Reserve was supposed to…
Central Bankers Are All ‘Corbynistas’ Now
byPublished in the Wall Street Journal yesterday from John Phelan, “Central Bankers Are All ‘Corbynistas’ Now”: Source: http://www.wsj.com/articles/central-bankers-are-all-corbynistas-now-1470858620 When Britain’s Labour Party leader Jeremy…
The Warren Buffet Economy: How Central Bank Enabled Financialization Divided America
byBy David Stockman During the 29 years after Alan Greenspan became Fed chairman in August 1987, the balance sheet of the Fed exploded from $200…
The FOMC Butterfly that Will Ruin the World
byFrom Bawerk.net Source: http://bawerk.net/2016/07/29/the-fomc-butterfly-that-will-ruin-the-world/ Imagine the financial crisis knocked you out and you did not wake up from the coma that followed until this day. Then,…
David Stockman: Crisis Is Us – The Inexorable Result Of Modern Central Banking
byThe inexorable effect of contemporary central banking is serial financial booms and busts. With that comes increasing levels of systemic financial instability and a…
Zero Hedge: US Negative Interest Rate Bets Surge To Record Highs
byAs the “deflationary supernova” sweeps across the world, dragging bond yields to zero-and-beyond, even the almighty omniscent Federal Reserve has been forced to capitulate…
Benn Steil: Is the Fed Losing Credibility? A Response to Kocherlakota
byFormer Minneapolis Fed president Narayana Kocherlakota says that the Fed has a credibility problem. Investors, he argues, have lost faith that the Fed will…
Why Deutsche Bank Thinks A Fed Rate Hike Would Unleash A Stock Market Crash
byFollowing this week’s FOMC Minutes shows, which violently repriced June rate hike odds from 4% to 30% and July from 20% to 50%, the…