The Fed must have seen the relentlessly spiking margin debt. Leverage is a sign of investor confidence. The great accelerator. On the way up. And on the way down. Margin debt has a nasty, very consistent habit of peaking just when the stock market begi…
Tag Archive for Federal Reserve
Contributors- Economic and Financial, Must Read, Wolf Richter
A Teeny-Weeny Bit Of Taper, And Look What Happened – Wolf Richter- Testosterone Pit
by Wolf Richter • • 0 Comments
“Global emerging markets are now trading in full-blown panic mode”
Contributors- Economic and Financial, Must Read, Wolf Richter
A Very Unfinished Recession, For Most Americans – Wolf Richter- Testosterone Pit
by Wolf Richter • • 0 Comments
Statistically speaking, the Fed’s heroic actions conquered the Great Recession years ago. But most Americans, struggling to make ends meet in the real economy far from the hoopla, hype, and buzz of Wall Street or Silicon Valley, have a more accur…
Contributors- Economic and Financial, Must Read, Wolf Richter
‘Wealth Effect’: Spiffy Hotel Rooms For The 85 Richest Folks Who Own As Much As Poorest Half Of Humanity- Wolf Richter- Testosterone Pit
by Wolf Richter • • 0 Comments
Now that we learned that the 85 richest folks own as much as the poorest 3.5 billion, we want to know where they’re staying when they come to town for dinner. We already know where the poorest 3.5 billion are staying: in shacks, hovels, and moldy…
Contributors- Economic and Financial, Must Read, Wolf Richter
The Magic “Wealth Effect” On Our Hapless Renters – Wolf Richter- Testosterone Pit
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Prices for housing have jumped and rents have jumped too, yet the 38.7 million renters, 34% of all households, watched with dismay as their real wages declined. They’ve got a problem with the “wealth effect” that Bernanke held up as p…
Contributors- Economic and Financial, Must Read, Wolf Richter
Lousy Jobs Data: Five Years Of QE Fail, Yet Fig Leaf For Taper – Wolf Richter- Testosterone Pit
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Today’s employment report is special. Exactly five years ago, the Fed kicked off its zero interest rate policy and QE to create the “wealth effect”: the elite would borrow for free and buy assets to drive up asset prices and make thos…
Contributors- Economic and Financial, Must Read, Wolf Richter
Plagued By Indigestion, Fed Issues Asset-Bubble Warning – Wolf Richter- Testosterone Pit
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Hidden in the middle of the 25-page minutes of the last meeting, under the most wooden and convoluted prose, the Fed issued a doozie of a warning: it fretted about financial stability. It named soaring forward P/E ratios, stock buybacks, margin credit, and leveraged loans.
Contributors- Economic and Financial, Must Read, Wolf Richter
Bernanke’s Delirious Praise For His Handiwork, The Concentration Of Power At the Top Banks – Wolf Richter- Testosterone Pit
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Bernanke wanted to reflect on the “accomplishments of the past eight years,” demolish the “sceptics” that still doubted the Fed was the best thing since sliced bread, and pat himself on the back. His policies “have helped promot…
Contributors- Economic and Financial, Must Read, Wolf Richter
Fizzing Optimism For Wild Financial Engineering In 2014 – Wolf Richter- Testosterone Pit
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Nothing could have been a more pungent metaphor for the current investment climate than the headline, “Macau gambling revenue hits record $45 bn in 2013.”
Contributors- Economic and Financial, Must Read, Wolf Richter
So This Isn’t Exactly A Rosy Outlook For 2014, Or Something – Wolf Richter- Testosterone Pit
by Wolf Richter • • 0 Comments
Central banks rule! We’ve seen it in 2013. They’ve accomplished the impossible: separating stock markets from the economies they’re based on. But in 2014, the US and China are trying to unwind these crazy policies – without taki…
