-Adds New Option For Heavily Indebted Firms
The Fed hasn't even started buying corporate bonds. Yet the mere perception of Fed backing helps risky firms borrow anew.
Having gone above and beyond the call of duty in their role as lender, asset-buyer, moral-hazard-enabler, and zombie-firm-creator of last resort; lifting stocks back towards record highs amid the greatest economic collapse since the great depression
In what was perhaps the most illuminating soundbite from the Powell press conference, in response to a question about the sustainability of the US fiscal trajectory in general, and the soaring debt and deficit in particular - both of which the Fed is
Seconds before the US GDP print, a well-timed report (and aggressively disseminated by mainstream media) on marginal success in a COVID therapy (mortality rates improved from 11.6% to 8.0%), which was then promoted by Fauci (who played down another s
With its $700 billion bond-buying expansion in response to the COVID crisis, the Federal Reserve has thrust itself into the limelight. Like a sixteen-year-old with a credit card, the Fed is salivating over what money-printing powers it shall seize ne
"In 1998, Wall Street came together to bail out a hedge fund. In 2008, the Federal Reserve stepped forward to bail out Wall Street. Each crisis was worse than the one before. In the next crisis, who will bail out the Fed?"
The Fed's fake economy has burst. The stock market, even if it rises, cannot hide the damage that has been done. The virus, now known to be less deadly than the seasonal flu, cannot act as a legitimate excuse either. The un-American ideas of governme
$2 trillion! That is the amount of free money that the feds are distributing to the American people to help them get through the coronavirus crisis. Most everyone is receiving a part of this free money.
"The risk of catastrophe will be very high. The nation could erupt into insurrection or civil violence, crack up geographically, or succumb to authoritarian rule. If there is a war, it is likely to be one of maximum risk and effort – in other
After yesterday's historic oil price collapse, Luke and Tim get into why the exact opposite of what happened with oil yesterday could happen with gold in the near future.
Back in April 2011, just before gold exploded to a record above $1,900 following the US credit rating downgrade, we first said - and Kyle Bass echoed - that the main reason behind our long-running, bullish view on gold is that the Fed can't print gol
The arrangement has been criticized a great deal because Blackrock is now allowed to buy corporate bonds and commercial mortgages, with no oversight and continuously. Moreover, Blackrock can bail itself out and give funds to the many fossil fuel supp
Will There Be Bank Runs???
Late last week, we showed a chart from Credit Suisse which we described simply as "insanity" because it demonstrated that as the US careened into a depression, with GDP crashing...
It's early days, but the Federal Reserve "bazooka" has mostly impacted the 1%...
The federal government did not need to take full control of the money supply to restore the economy.
"Don't fight the Fed." – Every amateur investor who has never seen a bear market.
From an initial $75 billion per day when the Fed announced the launch of Unlimited QE, the us central bank reduced its daily buying to $60 billion per day, then two weeks ago announced another 'taper' in its bond-buying program to $50 billion per da
In a matter of just weeks, 22 million Americans have been thrown out of work by politicians.
While daytraders look transfixed at a stock market which continues to surge higher even as the US has lost around 22 million jobs in the past month alone, something far more nefarious is taking place behind the scenes:
State Street Now Selling ETFs That Will Be Bought By The Fed
Makes Revolutionary Transformation To His Investing Approach
Philly Fed joined the rest of the regional Fed surveys in an utter bloodbath.
Luke Rudkowski - Tim Picciott
The Federal Reserve is pumping unrivaled levels of economic aid across the U.S., blowing through old taboos with trillions in rescue loans and bond purchases to buoy the American economy through the coronavirus pandemic.
Not enough. NOT enough. NOT ENOUGH So much – and not enough: of things to cover and space to write it in – among others.
"Tucked into the recent recovery bill was a provision granting the Federal Reserve the right to set up a $450 billion bailout plan without following key provisions of the federal open meetings law, including announcing its meetings or keeping most re
Minneapolis Federal Reserve Bank President Neel Kashkari says the US economy is facing a 'long, hard road' ahead as it attempts to bounce back from the coronavirus pandemic, warning Americans to brace themselves for 18 months of shutdowns.
Tales of Survival (as excerpted from the author's note)