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Peter appeared on CNBC's Fast Money and created a firestorm when he said he sees this as a repeat of what happened at the end of last year and suggested everybody knows the Fed is at the end of its tightening cycle.
The Fed's Amazing Self-Fulfilling Forecast … The Federal Reserve's track record of economic forecasting is a lot better than many observers recognize. It might also offer some insight into the central bank's approach to managing the recovery.
Just days ago, in the midst of the Puerto Rico debt morass, 24 members of Congress introduced the "No Bailouts for State, Territory, and Local Governments Act."
We are all originarios…
With verious Fed presidents having whipping up the market into a hawkish frenzy in the past two weeks, leading to a dramatic repricing in summer rate hike odds with expectations for a July rate hike now over 50%, many can be "disappointed" by Yellen'
Legendary bond billionaire Bill Gross has shifted from bullish to bearish on bonds, warning that the days of central bank dominance are nearly over. Is the financial day of reckoning coming faster than we think?
Just days ago, in the midst of the Puerto Rico debt morass, 24 members of Congress introduced the "No Bailouts for State, Territory, and Local Governments Act."
Four Ways to Think About the Economy … I see four different schools of thought about how the economies of the U.S. and much of the developed world should be managed. The challenge for the Federal Reserve and other central bankers is that it's har
Conditions for a rate increase by the Federal Reserve are "on the verge of broadly being met," Eric Rosengren, president of the Federal Reserve Bank of Boston, told the Financial Times … According to an article on Sunday, Rosengren told the FT
The estimable Martin Feldstein put the wood to the Fed in a recent op-ed and in so doing hit the nail directly on the head. He essentially called foul ball on the whole inflation targeting regime and the magic 2.00% goalpost in part due to the measur
Recently I was having drinks with a friend of mine who is an ultra-successful US real estate developer and investor.
People said I want to go and buy debt and default on debt - these people are crazy. This is the United States government. First of all, you never have to default because you print the money, I hate to tell you, okay? So there's never a default.
Rubbernecking at the economic train wreck of central planners is not without hazard. A strained collar and dry eyes, for instance, are common perils. So, too, is the lasting grimace of disbelief that comes with the rollout of each zany scheme to sa
Federal Reserve Chair Janet Yellen didn't rule out using negative rates in a future crisis but emphasized that they would be adopted as a last resort.
The current financial market volatility increasingly reflects loss of faith in policy makers. Celebrity central bankers are learning that they must constantly produce new miracles for their followers.
There has never been a time in financial history when anything close to this happened, including the 1930s. Nor was interest-free money for eight years running ever even imagined in the entire history of monetary thought.
The chart below would appear to be in conflict with the results of a recent Gallup poll regarding stock ownership by Americans.
In an interview posted on Swiss Finanz und Wirthschaft, Jeff Gundlach unleashes his deep ir, and in traditional style, offloads on both the Fed and all central banks, sayng that "negative interest rates are the dumbest idea ever", adding that the Fed
The Fed Should Buy Gold
Goldman-Sachs man William C. Dudley is posted at the top of the Federal Reserve Bank of New York. Recently he gave a major speech at the Virginia Military Institute. At the end, he accepted questions from the audience. One man asked Mr. Dudley a poin
This week, President Obama and Vice President Biden held a hastily arranged secret meeting with Federal Reserve Chairman Janet Yellen. According to the one-paragraph statement released by the White House following the meeting, Yellen, Obama, and Bide
Pam Martens and Russ Martens via WallStreetOnParade.com by way of ZeroHedge reports, Yesterday the Federal Reserve released a 19-page letter that it and the FDIC had issued to Jamie Dimon, the Chairman and CEO of JPMorgan Chase, on April 12 as a resu
The United States is not a "bubble economy". That's the official view of the Federal Reserve expressed by Chair Janet Yellen earlier this month.
What Did Fed Chairman Yellen Tell Obama?
What Did Fed Chairman Yellen Tell Obama?
The Federal Reserve is a key component of the American Transfer State. Under the guise of "macroeconomic management," it redistributes vast amounts of wealth on an ongoing basis through inflation.
Yesterday the Federal Reserve released a 19-page letter that it and the FDIC had issued to Jamie Dimon, the Chairman and CEO of JPMorgan Chase, on April 12 as a result of its failure to present a credible plan for winding itself down if the bank fail
Lately, I am getting, you know, really scared. Oh, not the ordinary kind of day in, day out kind of scared, constantly dreading both the appearance of childish-yet-pointless alliteration and the coming calamitous collapse of a catastrophic cataclysm
What's going on with the Federal Reserve? Two recent secret emergency Fed meetings -- and another unusual meeting with President Obama -- and now Janet Yellen is trying to sell the idea that the Fed exists to help main street, not Wall Street. Storm
We live in strange economic times, stranger perhaps than at any other point in history.
