
Former Fed Chair Ben Bernanke Wins Nobel Prize For Wrecking the Economy
• https://mishtalk.com by MishCongratulations to Ben Bernanke for winning a much coveted and well-deserved Nobel prize.
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Congratulations to Ben Bernanke for winning a much coveted and well-deserved Nobel prize.
One week after former NY Fed guru Marc Cabana (who needs no introduction but in case someone is unfamiliar, please read this), warned that the Fed could follow in the BOE's footsteps...
After another extremely volatile week which ended on a payrolls high, or rather low for stocks, we get a quieter week for data with what Jim Reid calls "one ginormous exception" - yes all roads to and from will all center around US CPI on Thursday.
The Federal Reserve has a legal dual mandate to minimize unemployment and price inflation.
Some people in the mainstream have been talking about gold's demise as an important financial asset.
How are interest rate hikes and quantitative tightening affecting markets?
I have said it many times in the past but I'll say it here again: Stock markets are a trailing indicator of economic health, not a leading indicator.
I have said it many times in the past but I'll say it here again: Stock markets are a trailing indicator of economic health, not a leading indicator.
I have said it many times in the past but I'll say it here again: Stock markets are a trailing indicator of economic health, not a leading indicator.
One would have hoped that after the fall of the Soviet Union, the idea of a centrally planned economy would have been discarded forever. But alas, it was not. And now we are witnessing the failure of the "Western" version of central economic planning
The Federal Reserve is working with six big banks, Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo, in a climate risk analysis exercise set to begin next year.
The title speaks for itself. The Fed is going to continue raising rates until inflation shows notable improvement.
Since Fed Chair Powell unleashed his short-and-sweet uber-hawkish comments in late August at Jackson Hole, market expectations for The Fed's terminal rate (cycle high before pause or cuts resume) has surged hawkishly (adding 100bps of hikes).
The Fed has found it easier to raise rates than shrink its balance sheet. September was supposed to be the month when the Fed got serious about shrinking the balance sheet.
The unconstitutional and immoral Federal Reserve should not exist. But it does exist, and it has created an economic debacle so great, that the world has never seen anything like it before. The Fed was created in an attempt to control market forces t
Another day, another yield-driven market shock, and another down day for the S&P which is now lower for 6 consecutive days, the longest stretch since February 2020 when the world was about to shut down...
There is no way the current unrest is about the consumer or inflation any longer. Commodity prices are plunging, the United States dollar is soaring, freight rates are tumbling and supply delivery delays are sagging.
"We are in a vicious spiral, but it's one of Joe Biden, the Democrat-controlled Congress, and the Fed's own making,"
--Dallas Fed Survey Slumps Amid "Irresponsibility Of Biden Admin"
Was the Federal Reserve under an unspoken mandate to keep the easy money going during Covid that overrode its mandate to keep inflation under control?
Following the Covid-19 pandemic, real estate investors did extremely well, despite the millions of Americans that were put out of work and faced evictions during the lockdowns in 2020.
The price analysis last month titled Caution Warranted in the Short Term, highlighted the potential risk in gold and silver after a rough July and early August.
Dear friends, The Federal Reserve is not conducting an anti-inflationary policy. It is conducting an anti-people policy.
As the Fed pushes its agenda the economy is collapse has been accelerated.
Tim Picciott (The Liberty Advisor) gives the Economic Report; Federal Reserve and the coming digital currency (CBDC's), inflation, Inflation Reduction Act, precious metals, cryptos, etc...
The Federal Reserve has a long record of mistaken decisions. Unless the Federal Reserve's intent is to collapse the economy, the current policy of higher interest rates will go down as the most mistaken reading of the economy since the Great Depre
In his recent speech at Jackson Hole, Powell reiterated the overarching commitment of the US Fed to achieving price stability. In his entire 8 minute speech Powell addressed only one issue i.e. achieving price stability.
For more than a year I've been arguing that the Fed was tightening US dollar supply.
Investors like to focus on QE and QT, because the quantity of money has an immediate effect on risk assets. In the same way, we like to focus on the Fed Funds Rate as the price of money also has a dramatic effect on risk assets.
Earlier today, when making a case why the US economy has so far proven highly resilient to the Fed's increasingly shrill attempts to push it into a recession, Morgan Stanley's cross-asset strategist Andrew Sheets said that about half of all the incom