The monumental mistake of the Federal Reserve cutting rates this week can only be understood in the context of the rising God's complex of central planners. An overwhelming combination of ignorance and arrogance.
Everyone with a pension fund or 401K invested in stocks better hope the Fed becomes the buyer of last resort, and soon.
With investor expectations for an imminent rate cut to 0% (or lower) running high, only surpassed by expectations for an imminent - and "very, very substantial" fiscal stimulus - Standard Chartered's head of FX strategy Steve Englander has an unortho
The New York Federal Reserve said Monday that it will increase the amount of money it is offering to banks for their short-term funding needs.
The NY Fed has massively increased its overnight and term repo liquidity bailout facilities... Full Statement below
In response to the potential economic downturn in the economy arising from the spread of the Coronavirus, the Federal Reserve dropped the federal funds rate by half a point - to a range of 1% to 1.25%. Ironically, after the Fed's announcement, the
The Fed blew three economic bubbles in succession. A deflationary bust has started.
Following three consecutive days of oversubscription in both the Fed's overnight repo...
Almost two years ago, we published a report titled The Great Cycle Debate. In that report, I argued that US equities were likely to experience a cyclical bear market that would take several years to complete.
Close observers of the un-constitutional and immoral Federal Reserve realize that there is trouble in the central planners paradise. As happens with all attempts at trying to micromanage the world, the point is finally reached where the micromanagers
Following reports that Beijing had "quarantined" dirty cash, the Federal Reserve is now doing the same out of fear that dollars in circulation from Asia could contain Covid-19, reported Reuters.
It doesn't get any more pathetic than this. The Fed cuts the absurdly low money market rate by another 50 basis points at 10AM and before noon the Donald is banging the podium for more.
Treasury yields plummeted to record lows Friday as concern about the global economic and financial impact of the coronavirus spurred demand for havens and traders amped up bets on further central bank easing this month.
In response to the potential economic downturn in the economy arising from the spread of the Coronavirus, the Federal Reserve dropped the federal funds rate by half a point -- to a range of 1% to 1.25%. Ironically, after the Fed's announcement, th
On October 19, 1987, the US stock market suffered the worst crash in its more than 200 year history, dropping more than 23% in a matter of hours.
Stop and pause for a moment and think about what just happened. The Federal Reserve says the US economy is strong, but it just initiated emergency monetary policy last seen during the worst financial crisis since the Great Depression.
So with its emergency action now in the rearview mirror, did the Fed manage to stem the funding panic that has gripped repo markets following last week's market bloodbath? The answer, if based on the latest overnight repo results, is a resounding no.
Just think about this. Sure, coronavirus may wind up ravaging our country and affecting many of our loved ones. Perhaps you will even die from it. But the silver lining is that you will die knowing you shaved 50 basis points worth of interest off of
Update: Just in case we needed another confirmation that there was a sudden, unexpected liquidity clog in the interbank market, Dealers submitted a record $108.6BN in overnight repo, resulting in the first oversubscribed overnight repo operation sinc
After President Trump's tweet overnight: Australia's Central Bank cut interest rates and stated it will most likely further ease in order to make up for China's Coronavirus situation and slowdown. They reduced to 0.5%, a record low. Other
Commenting on the Fed's emergency rate cut, which while expected was extremely unusual and only the first one since the financial crisis, Obama's chief economic advisor Larry Summers laid out the problem Powell is facing, especially now that the Fed
Did The Fed just swing from omnipotence to impotence?
Australia's Central Bank cut interest rates and stated it will most likely further ease in order to make up for China's Coronavirus situation and slowdown. They reduced to 0.5%, a record low. Other countries are doing the same thing, if not more
Did The Fed just swing from omnipotence to impotence?
Economic and Market Conditions - Cryptocurrencies
Despite the difficulties the Fed faces fulfilling its "dual mandate," Federal Reserve Chairman Jerome Powell recently announced a new Fed mandate: to protect the financial system from being destabilized by climate change.
The Fed has created the biggest artificial financial bubble to ever exist. Every bubble is necessarily followed by a proportional financial crisis. Black Swan events (like Coronavirus) often act as the fuse. The major headlines always keep the focus
Will The Fed Activate A Coordinated Central Bank Bailout On Sunday
The greater the excesses, speculative euphoria and moral hazard, the greater the reversal.
Monday's 1,000 point bloodbath was followed by Tuesday's 879 point rout, lobbing 8% off total market value in less than 48 hours. The two-day drubbing has left traders and fund managers in a state of shock.