Based on every meaningful investigation into the epic financial crash of 2008 that resulted in the worst economic crisis in the U.S. since the Great Depression, derivatives that were concentrated at Wall Street’s largest banks played a central role in the crisis. And yet, 11 years later, neither Federal regulators nor Congress have meaningfully reined […]
Here’s the Proof the Federal Government Is Overtly Lying to the Public about Wall Street’s Derivatives…
POWELL: FED IS NOT FORECASTING OR EXPECTING RECESSION…
Federal Reserve Chairman Jerome Powell said Friday the central bank’s pivot this year to lower interest rates has helped sustain U.S. economic growth. Speaking during a forum in Zurich, the central bank leader gave mostly positive reviews to where the U.S. stands now, even while much of the rest of the world weakens. “The Fed […]
Federal Reserve Bank’s ‘Myth of Political Neutrality’ Is Now Dead and Gone…
With remarkably little fanfare, an enduring progressive political fairytale has been debunked by an insider. The Federal Reserve System was created in 1913 under progressive president Woodrow Wilson, as one of those supposedly politically neutral federal bureaucracies run by technocrats in the interest of the greater good. It was to take monetary policy decisions out […]
Fed Chair Powell Must Denounce Politicization of the Fed…
Former NY Fed President Bill Dudley’s OpEd: The Fed Shouldn’t Enable Donald Trump…
Federal Reserve Cuts Rate Quarter Point, First Since ’08 – Why It Doesn’t Matter…
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 […]
Stocks and Precious Metals Charts – Dear Mr. Powell – Art Imitates Life— Life Imitates High School…
“Thus the elements are in place: a weak legislative body, a legal system that is both compliant and repressive, a party system in which one (I would in 2019 now say either) party, whether in opposition or in the majority, is bent upon reconstituting the existing system so as to permanently favor a ruling class […]
FOMC Minutes Show “Many Fed Officials” See Rate-Cuts Warranted…
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, […]
Fed Scraps Its ‘Patient’ Interest Rate Approach in Prelude to Potential Cut…
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 […]