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The Best in Alternative News

U.S. Financial System Rests on 5 Mega Banks; and They Tanked Yesterday…

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By the closing bell of yesterday’s broad stock market selloff, the Dow Jones Industrial Average, which had been down over 900 points in the afternoon, closed with a loss of 767 points or 2.90 percent. The Standard and Poor’s 500 Index closed even deeper in the red with a loss of 2.98 percent. But those […]

Federal Reserve Cuts Rate Quarter Point, First Since ’08 – Why It Doesn’t Matter…

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In 2015 CTH outlined how candidate Donald Trump’s proposals were in-line with those who had long argued for a return of “economic nationalism”. We also outlined when those proposals (now policy) are implemented, Fed action would be essentially irrelevant. The Federal Reserve is pegged to the Wall Street Economy. President Trump’s policies are pegged to […]

FOMC Minutes Show “Many Fed Officials” See Rate-Cuts Warranted…

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Since the June FOMC meeting, Gold has dramatically outperformed. Stocks are higher but bonds and the dollar have roundtripped to unchanged (at least before Powell’s testimony sparked some comeback). Better-than-expected macro data has been the theme in the short amount of time since the June FOMC meeting. But Powell vehemently shrugged good news off today, […]

Wall Street Wins OK for Payouts Worth Billions in Fed Stress Tests…

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The largest U.S. banks are poised to return billions of dollars to investors after Federal Reserve stress tests showed planned dividends and stock buybacks wouldn’t leave them too weak to survive a harsh economic downturn. Under the most severe test scenario, a recession with unemployment spiking to 10% and the Dow Jones Industrial Average falling […]

Fed Scraps Its ‘Patient’ Interest Rate Approach in Prelude to Potential Cut…

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The Federal Reserve indicated a readiness to lower interest rates for the first time in more than a decade, citing “uncertainties” in the outlook that have increased the case for a cut as officials seek to prolong the near-record U.S. economic expansion. While Chairman Jerome Powell and fellow policy makers left their key rate in […]

Bonds Surge, Stocks Rally After Fed Turns Dovish…

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U.S. stocks rallied for a third day and yields on shorter-maturity Treasuries tumbled after the Federal Reserve struck a dovish tone in its latest policy statement. The dollar weakened against almost all its major peers. The benchmark S&P 500 pushed within striking distance of an all-time high set April 30, led by gains in the […]

Here Come the Central Banks: A Look at This Week’s Barrage of Key Events…

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Brace for a barrage of flashing red central bank headlines. Central banks are set to steal the limelight on the coming sessions, and Markets will have to prepare themselves for a packed week of events next week, headlined by the Fed meeting. Additionally, the BoE and BoJ will also meet, ECB leaders gather in Sintra, […]

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