
What Comes After The Great Liquidation?
• https://www.zerohedge.com by MN GordonExpectations were great.
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Expectations were great.
In this article, we will look at the SVB Meltdown and see if this is just a nothing burger or a part of an underlying systemic issue created by the central banks.
Apparently, Silicon Valley Bank had lost so much value so quickly that none of the suitors who turned up at its headquarters yesterday could agree on terms of a deal.
Rising rates and deposit withdrawals pinched SVB and Silvergate. Could the same happen to bigger banks?
The Federal Reserve's prolonged period of low interest rates created many financial dislocations that are now flaring up.
Now you see it … maybe soon you won't.
In history, there are events that are better described as turning points.
An Exploration into the Hidden Legal Origins of the Federal Reserve
The Surprising Truth
Despite the hotter-than-expected CPI data for January, most people still seem confident that the Federal Reserve can win the inflation fight, drive CPI back to 2% in relatively short order, and then return to the easy monetary policy we all have come
The Federal Reserve is bleeding money and losses are mounting.
Why is the U.S. economy suddenly deteriorating so rapidly all around us? Well, the short answer is that this downturn is way overdue. For years, our leaders tried to cheat the laws of economics.
"The Fed has stolen more than 97% of the purchasing power of the dollar, and gold is lagging, but there will be dramatic shifts in monetary exchange," Maloney warns.
House Majority Whip Tom Emmer (R-MN) on Wednesday introduced legislation to prevent the Federal Reserve from issuing a central bank digital currency (CBDC), which he and others say could surveil Americans' financial activity.
The Fed holds interest rates to be its primary control valve, with lower ones providing a stimulus to the GDP and higher ones a brake.
Fed minutes. And years more of this
International Man: Recently, there have been whispers about the Fed raising its official inflation target above 2%.
Tl;dr: Inflation accelerated on a monthly basis.
The U.S. has the largest government spending problem of any government in history - over $31 trillion in debt (just for starters).
The U.S. has the largest government spending problem of any government in history - over $31 trillion in debt (just for starters).
"It is not enough to know what we are against. We must also know what we are for." ? G. Edward Griffin, The Creature from Jekyll Island: A Second Look at the Federal Reserve
The Fed holds interest rates to be its primary control valve, with lower ones providing a stimulus to the GDP and higher ones a brake.
The following chart suggests the stock market still has an outsized influence on the economy. In theory, the market capitalization to GDP ratio should be a mean reverting time series.
The US has transitioned from more than a decade of quantitative easing to more recent quantitative tightening. QT will remain until the Federal Reserve is finished squashing inflation. However, such a massive paradigm shift in markets might result in
Yesterday I illustrated how the "inflation has peaked" narrative is a myth. By quick way of review:
It's a sure bet that as the economy worsens, unemployment surges, foreclosures rise, defaults climb, and economic misery ensues, we'll be told it's all capitalism's fault. The question one must ask, however, is, "What capitalism?"
In a November 30, 2022, speech on "Inflation and the Labor Market," Federal Reserve chairman Jerome Powell blamed most of the 3.5 million estimated shortfall in the US labor force on premature retirements. He also blamed a large portion – betw
As the Federal Reserve continues its fastest rate hike cycle since the stagflation crisis of 1980, a couple vital questions linger in the minds of economists everywhere ?" When is recession going to strike and when will the Fed reverse course on ti
Only the Fed was quick to correct any misperception associated with calling its massive wealth transfer a loss - after all, the genius brain trust of career academics at the Fed could never be associated with such a pedestrian concepts as a "loss" as
He said that would let bankers and economists see how the economy is reacting and if inflation is easing.