Federal Reserve

Tyler Durden's picture

Either Reverse All The Perverse Incentives Or The System Will Implode





As you no doubt noticed, every perverse incentive is the cash cow for a vested interest or cartel. That's why the perverse incentives will endure until the system implodes under their pathological weight.

 
Tyler Durden's picture

"Unexpected" Australian Rate Cut To Record Low Unleashes FX Havoc, Global "Risk Off"





Overnight Australia finally admitted it has succumbed to the global economic weakness plaguing the rest of the world when in a "surprise" move, Australia’s central bank cut its benchmark interest rate for the first time in a year to a record low and left the door open for further easing to counter a wave of disinflation that’s swept over the developed world. The move sent the local currency tumbling and local stocks climbing. Reserve Bank of Australia Governor Glenn Stevens and his board lowered the cash rate by 25 basis points to 1.75 percent Tuesday, a move predicted by just 12 of 27 economists surveyed by Bloomberg. The announcement has, not surprisingly unleashed havoc across FX markets and broadly pushed global mood into its latest "risk off" phase.

 
Knave Dave's picture

Are Central Banks Running the Oil Market or Just the World?





Central bankers have the unchaperoned power to create the greatest fortunes ever known to mankind at will and to invest that money wherever they want. With trillions of dollars at their disposal and trillions more whenever they want to conjure it into existence, what is to stop them from controlling the oil market just as they have stocks and bonds?

 
Tyler Durden's picture

"It Has Been A While Since We’ve Had A Profitable Quarter To Report" - Einhorn's First Quarter Letter





"It has been a while since we’ve had a profitable quarter to report. Though we would like to make it a habit, trying to manage for quarterly  results is really not our philosophy. We think one of our advantages is the ability to be more patient than others, especially as investment horizons appear to be getting shorter.... the Fed’s “data dependency” doesn’t appear to relate to employment, which continues to improve, or core inflation, which is now running above its 2% target. We believe the increasingly adventurous monetary policy is bullish for gold."

 
Tyler Durden's picture

"If..."





If the world’s economies were really out of intensive care, why would ultra-radical monetary policies like helicopter money be increasingly debated at the highest level of governments? Also, how come 70% of Americans believe the US economy is on the wrong course? And why do almost half of US citizens admit they couldn’t come up with $400 to meet an unexpected need? Yes, I know why ask why? And it is what is, and a bunch of other clichés. But this isn’t normal, it isn’t healthy, and - at least in the opinion of this author—it isn’t going to end well.

 
Tyler Durden's picture

Still Looks Like A Trap





“If the weather forecast suggests it might rain, wouldn’t you carry an umbrella?

 
Secular Investor's picture

Is The USA Really Just Another Greece?





In the next 20 years, total US debt would reach 50 trillion dollar. That’s right, 50,000 billion dollar!

 
Tyler Durden's picture

State-Sanctioned Theft - The Failed War On Drugs And Cops' Abuse Of Civil Forfeiture





The ugly unspoken truth is that the War on Drugs is a massive jobs and funding program for law enforcement that is operated under the guise of saving people from the evils of substance abuse. More than 40 years after it was started, we know that it has been a colossally-expensive epic failure on its stated goals, was intentionally designed to further disenfranchise marginalized groups, and has become a full-fledged assault on our civil liberties.

 
Tyler Durden's picture

Nothing Is Real: "It's All Being Played To Keep People Believing The System Is Working"





"We exist, beyond any shadow of any doubt, in an environment of absolute fakery where nothing is real... All of this is being played in a way to keep people believing, once again, that the system is working and will continue to work."

 
globalintelhub's picture

Bloomberg UNMASKED - The Truth about ZH from Forex perspective





Forex is a complicated topic, not covered objectively by the main stream media.  Zero Hedge has been the best online outlet to provide coverage of Forex.  

 
Tyler Durden's picture

Lies, Lies, & OMG More Lies...





"I have certain rules that I live by... My first rule - I don't believe anything the government tells me." - George Carlin

 
Tyler Durden's picture

The US Endgame? Creating A Climate That "Could Easily Be Transformed Into War"





Akin to ancient Rome, the United States has over-extended herself. She has created a climate that could easily be transformed into a war on a slight pretext. Wars, as it is well known are also a means a nation can extricate itself from debt and financial responsibility. The dying Petrodollar system has been on life support for some time, and it appears other nations such as the BRIC’s are taking the initiative to return to a true monetary standard. This is the same gold and silver standard that the U.S. should never have left in the first place.

 
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