Tag Archive for Soma

The Conomy Game- The Legend of Bennie The Beard, Henry the Hitman, and the Gangbankster Dealers

The shape of recent economic data trends reminds me of a story. It’s a story that shows just how the Fed’s manipulation drives both the stock market and the conomy. It’s also a story of the twisted personalities behind the facades of institutional power. This is not something that you will read in the mainstream…

Market Liquidity Flat With Hints of Weakening Ahead

The composite liquidity indicator fell sharply last week. There was some distortion to the indicator the previous week when the Fed’s SOMA fell due to transactions outside dealer channels, but that was reversed in the latest data. Bank inflows were flat. FCB buying dropped back sharply from a record rise. Bank non-Treasury trading accounts fell…

Fed Mirages Have Media Seeing Things

Today’s report on factory orders is just another example of why all media reported data must be taken with a grain of salt. Here’s how Marketwatch put it. “Orders for goods produced in U.S. factories rose 2.4% in July, the Commerce Department reported Wednesday. Economists surveyed by MarketWatch expected orders to rise a seasonally adjusted…

Fed SOMA and The Economy- The Puppetmaster

It’s mind boggling to me, just mind boggling, how nobody gets the simplicity of the pipeline from Ben Bernanke’s twisted brain to his henchmen the Primary Dealers, to the stock market and the economy. When the Fed pumps money into Primary Dealer trading accounts, they manipulate stock prices higher. When stock prices go up, the…

Why Is Anyone Surprised?

A number of pundits noted that in the Fed’s recent data dump about its emergency operations during the 2008 “episode”, the Fed took stocks as collateral. The only thing that surprises me is that people are surprised by the fact that the Fed backstops stock prices. Bernanke even announced on November 3 that a key…

Cuckoo’s Nest Minutes – FOMC Delusions

Translation of the FOMC meeting minutes is a regular feature of the Wall Street Examiner Professional Edition Fed Report. However, the August meeting was so astounding in its implications that I wanted to share my interpretation of the minutes on wider basis for the purpose of inviting discussion. Please feel free to add your comments…