For years, market watchers and Fed skeptics had warned that the record low volatility "blanket" that has fallen like a pall over the comatose market was the result of Fed actions, both direct or indirect.
During the 40 months after Alan Greenspan's infamous "irrational exuberance" speech in December 1996, the NASDAQ 100 index rose from 830 to 4585 or by 450%. But the perma-bulls said not to worry:
The Financial Repression Authority interviewed Lacy Hunt, Chief Economist at Hoisington Management on Fed policies.
The interview below first appeared on the FRA website along with a video.
The political differences of today's leading two parties are not over ultimate questions of principles. Rather, they're over opposing answers to the question of how a goal can be achieved with the least sacrifice.
CNBC's Fed fanboy, Steve Liesman, accidentally knocked one out of the park yeserday when he lured Janet Yellen into a quip that will surely go down as the signature insanity of her baleful tenure. Liesman thus queried:
CNBC's Fed fanboy, Steve Liesman, accidentally knocked one out of the park yeserday when he lured Janet Yellen into a quip that will surely go down as the signature insanity of her baleful tenure. Liesman thus queried:
In 1791, the first Secretary of the Treasury of the US, Alexander Hamilton, convinced then-new president George Washington to create a central bank for the country.
crypto markets PLUNGE...(Natural News) The private central banking cartel is so worried about losing its grip on the financial instruments of the world that this mafia-like group of robber barons is now claiming that digital "cryptocurrencies" li
Update: Bitcoin and Ethereum are holding at the lows of the day, but following ECB comments earlier (see below), The Fed's vice chariman of supervision, Randy Quarles, warns that digital currencies like bitcoin pose "serious financial stability issue
Janet Yellen's last semi-annual testimony before Congress as Fed Chair has just concluded, and as usual it was filled with long-winded platitudes, which were enough to make the blood of anyone actually listening to her slow-motion drawl, come to a bo
A rumor is circulating that the Fed concerned Bitcoin will "eviscerate" big banks. Let's investigate the claim.
Zerohedge writes As Bitcoin Nears $10,000 "Central Banks Kept Up At Night".
Update (11:45 am ET): As Powell's testimony draws to a close, analysts at Stone & McCarthy noted that - as expected - the future Fed chair's comments were "generally dovish".
The U.S. unemployment rate is a low 4.3% and headed lower. Yet inflation remains below 2%. Globalization, China, slow growth, and "transitory factors" such as cheaper cell phone plans help explain stubbornly low inflation. But they're not the w
Janet Yellen is out as Fed chair after one four-year term. Her tenure is the third shortest since the mid-1930s. Most of her predecessors served for far longer periods.
After we first reported last week that US credit card debt once again rose above $1 trillion, despite a recent sharp downward revision to the data, while both student and auto loans rose to a fresh record high...
Just recently the notorious former Federal Reserve chairman Alan Greenspan gave his opinion concerning the rise of bitcoin in 2017. The 91-year old Greenspan explains that he believes the decentralized currency is very much like the world's unbacke
I hope this article brings forward important questions about the Federal Reserves role in the US and I openly admit this is by no means a comprehensive article...
It can't get any worse than this. Jerome Powell is a Wall Street-coddling Keynesian and Washington lifer who passes for a Janet Yellen replica – that is, save for his tie and trousers and his as yet underdeveloped capacity to whine pedantically.
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