In what will come as a big surprise to many Fed watchers, moments ago the WSJ reported that among other candidates, Mohamed El-Erian, former deputy director of the IMF, former head of the Harvard Management Company, Bill Gross’ former partner at Pimco until the duo’s infamous falling out, and one of the few people who […]
What a Jerome Powell-Led Fed May Look Like…
Traders are likely to breathe a sigh of relief if Jerome Powell, the Fed governor under consideration by President Donald Trump to become chairman of the central bank, gets nominated. Powell is now the favorite in betting markets amid published reports he’s in the lead to get Trump to nominate him. Trump himself called Powell […]
How to Wipe Out Puerto Rico’s Debt Without Hurting Bondholders by Ellen Brown…
During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was going to wipe out the island’s bond debt. He said on October 3rd: You know they owe a lot of money to your friends on Wall Street. We’re gonna have […]
The Federal Reserve Is Setting America Up for Economic Disaster…
I recently had the opportunity to read “The Creature from Jekyll Island” by G. Edward Griffin, a prodigious tome dealing with the circumstances surrounding the creation of the U.S. Federal Reserve System. I was taken aback by some of its provocative assertions…
Lies, Lies & OMG More Lies…
Every month the government apparatchiks at the Bureau of Lies and Scams (BLS) dutifully announces inflation is still running below 2%. Janet Yellen then gives a speech where she notes her concern inflation is too low and she needs to keep interest rates near zero to save humanity from the scourge of too low inflation.
Julian Robertson: “There’s A Bubble” And “It’s The Federal Reserve’s Fault”…
Call it the “bearish billionaire” curse. One month ago, MarketWatch penned “7 billionaires who are worried about a stock-market correction” which listed Carl Icahn, David Tepper, Howard Marks, George Soros, Jeff Gundlach, Warren Buffett and Eliot Singer as some of the world’s wealthiest people who are losing sleep over…
1913: The Turning Point by Robert Curry…
In 1913, Woodrow Wilson was the newly elected president. Wilson and his fellow progressives scorned the Constitution and the Declaration. They moved swiftly to replace the Founders’ republic with a new regime. There is widespread agreement that Wilson did not always show good judgment – for example…
Jackson Hole’s Deluded Groupthink Confirms “A Gigantic Financial Crisis Is Coming”…
The Jackson Hole gathering of central bankers and other economics big shots is over. They all still like themselves very much. Apart from a pesky inflation problem that none of them can get a grip on, they publicly maintain that they’re doing great, and they’re saving the planet (doing God’s work is already taken)…
Why Doesn’t This Household Debt Worry Anyone?!…
With all the attention going to political tensions between the USA and North Korea and the interest rate policies and monetary policies established by the various central banks around the world, we would almost forget to keep track of how the ‘real’ economy is doing. And then we aren’t talking about GDP results or…
Fred Hickey Warns “It’s Only Question of When the Tech Time Bomb Goes Off”…
Wall Street is in a champagne mood. Last week, thanks to a rally in Apple, the Dow Jones surpassed 22,000 for the first time ever. Nevertheless, Fred Hickey doesn’t share the bubbly vein. The renowned contrarian cautions investors of an unpleasant surprise because central banks like the Federal Reserve are pulling back from their super […]
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