Several days ago, the ECB sparked the ire of pretty much anyone with a working frontal lobe when it made the indefensible claim that, drumroll, QE had helped reduce inequality. ECB asset purchases have reduced inequality in the eurozone, our research shows. They have especially benefited low-income households, which suffer the most from unemployment. That’s […]
Here Are the Biggest Stock Winners on the Day the Fed Went Soft on Interest Rates…
Investors probably weren’t surprised when the Federal Open Market Committee decided not to raise the target federal funds rate on Wednesday, however, a softening of language helped cause a rally for stocks. The Dow Jones Industrial Average DJIA, +1.77% jumped 435 points, or 1.8% to close at 25,014.86, while the S&P 500 index SPX, +1.55% […]
“Patient” Fed Capitulates to Market, Surprises with Unexpected Balance Sheet Unwind Adjustment…
With a 1% probability of a rate-hike today, all that matters is The Fed’s tone (better be uber dovish) and any language shifts on the balance sheet normalization. And, by the looks of things, the now “patient” Fed capitulated to both Trump and the market: “In light of global economic and financial developments and muted […]
Three Concerns Hanging Over the Davos Elite by Nomi Prins…
This week, the global elite descended private jets to their version of winter ski-camp – the lifestyles of the rich and powerful version. The World Economic Forum’s (WEF) five-day annual networking extravaganza kicked off in the upscale ski resort town of Davos, Switzerland. Every year, the powers-that-be join the WEF, select a theme, uniting some […]
“Once a Caver, Always a Caver” – Not Who You Think…
Remember the Powell of last year? You know, the one that tried to convince us that there “could be no macroeconomic stability without financial stability?” And this Powell was not concerned about financial stability in terms of making sure the stock market never went down, but rather just the opposite. On June 20th, 2018 Powell […]
Federal Reserve Confesses Sole Responsibility for All Recessions…
n a surprisingly candid admission, two former Federal Reserve chairs have stated that the Federal Reserve alone is responsible for creating all recessions in the United States. Former Federal Reserve chief Ben Bernanke – Federal Reserve Creates all recessions. First, former Fed Chair Ben Bernanke said that ‘Expansions don’t die of old age. They get […]
Peter Schiff: We’re in a house of cards that the Fed built…
Economic analyst Peter Schiff, who accurately predicted the 2008 recession said recently that we are not in a bear market. Instead, “we’re in a house of cards that the Fed built.” Schiff is referring to the Federal Reserve, the United States’ central bank that answers to no one, has no competition, and has been responsible […]
Stocks Look to Be in for More Pain After Fed-Day Rout: ‘The market is in no man’s land’…
Stocks are extremely oversold, but investors still seem bent on selling after the Federal Reserve disappointed markets with a less dovish message than expected. “The bears have been writing the script,” said Scott Redler, partner with T3Live.com. The S&P 500 lost 1.5 percent Wednesday to 2,506 and is nearly 15 percent off its September high. […]
Here’s What Spooked the Market About the Fed Today…
Powell Breaks the Market…
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