It’s not too difficult to predict a political rebellion against the machinery of soaring wealth and income inequality.The one constant across the media-political spectrum is an unblinking focus on the stock market as a barometer of the national economy…
The gold charts look like they’re feeling a little sick.
As long as central banks create and distribute trillions in conscience-free credit to conscience-free financiers and corporations, the incentives for sociopathy only increase.”Sociopath” is a word we now encounter regularly in the mainstream media, but…
The Fed has been pumping money into the system hand over fist since mid September when it restarted QE. It’s working… to a degree. But there are problems.
Reports of the demise of the Megaphone may be greatly exaggerated.
Intermediate cycle projections rose to new levels. Here are the new targets and trading tactics.
The Fed bought $15.7 billion in T-bills, notes, and bonds from dealers. That’s higher powered money because the Fed is actually cashing out the dealers. TOMO is just a loan to enable them to carry their fixed income inventories without having to liquidate at a loss.
And boy they took some losses last week.
Stocks are fired up at the prospect of a year-end melt-up. The surprise would be a global bond market beat down.
The Fed is taking up all new Treasury issuance, dollar for dollar. Must be a coincidence.
Just as forestry management’s policy of suppressing forest fires insured uncontrollable conflagrations, so central banks’ attempts to eliminate recessions insure a financial conflagration that will burn down the entire global financial system.The first…