Federal Reserve

Tyler Durden's picture

Central Banks Are "Malicious Tools Of Wholesale Cultural Destruction"





Central bankers regularly lie to us to obscure the larger, ongoing globalization of finance. We're not supposed to notice what's going on behind the curtain. But we better start.

 
Tyler Durden's picture

The World Is Turning Japanese





"I trust that many of you are familiar with the story of Peter Pan, in which it says, the moment you doubt whether you can fly, you cease forever to be able to do it. Yes, what we need is a positive attitude and conviction. Indeed, each time central banks have been confronted with a wide range of problems, they have overcome the problems by conceiving new solutions."

 
Tyler Durden's picture

Neil Howe Warns The 'Professional Class' Is Still In Denial Of The Fourth Turning





"The world has fundamentally shifted over the last decade, especially since we’ve emerged from the Great Recession... But the professional class has been very slow to understand what is going on, not just quantitatively but qualitatively in a new generational configuration that I call the Fourth Turning. They don’t accept the new normal. They keep insisting, just two or three years out there on the horizon, that the old normal will return – in GDP growth, in housing starts, in global trade. But it doesn’t return."

 
Tyler Durden's picture

The World's Top Performing Hedge Fund Just Went Record Short, Explains Why





"I spend most of my time, while looking at current prices, thinking about and trying to live six months to one year in the future....  What I can see now is that US growth is slowing, and that the market is likely to price in reduced monetary tightening." ... but... " The future for me is now more uncertain than at any time I can remember"

 
Tyler Durden's picture

Why The Federal Reserve Always "Happens" To Be Wrong





"The last duty of a central banker is to tell the public the truth." - Alan Blinder, former Federal Reserve Board Vice Chairman

 
Tyler Durden's picture

"Billions Lost"





"While buybacks work great during bull market advances, as individuals willfully overlook the fundamentals in hopes of further price gains, the eventual collision of reality with fantasy has been a nasty event..."

 
Tyler Durden's picture

It Was Never About Oil, Part 2: It Was Always Leverage & Volatility





Unfortunately, we remain stuck in the cleanup phase so long as economists and their ability to direct policy continue to suggest the Great Recession was anything other than systemic revelation along these lines; a permanent rift between what was and what can be. It is and was never about oil; only now that oil projects volatility into the dying days of eurodollar leverage.

 
Tyler Durden's picture

OPEC Will Not Blink First





An OPEC production cut is unlikely until U.S. production declines by about another million barrels per day (mmbpd). OPEC won’t cut because it would accomplish nothing beyond a short-term increase in price. Carefully placed comments by OPEC and Russian oil ministers about the possibility of production cuts achieve almost the same price increase as an actual cut. The focus going forward must be on the source of the problem. That is the United States and not OPEC.

 
Tyler Durden's picture

Janet Yellen Admits Fed Is Evaluating Possibility Of Negative Rates





"We had previously considered them and decided that they would not work well to foster accommodation back in 2010. In light of the experience of European countries and others that have gone to negative rates, we’re taking a look at them again because we would want to be prepared in the event that we needed to add accommodation."

 
GoldCore's picture

Gold Surges 3.2% To $1,241/oz As Deutsche Bank And Other Stocks Fall Sharply





Gold has surged over 3% today on increased safe haven demand as stocks and in particular bank stocks see sharp falls again.

 
Tyler Durden's picture

Frontrunning: February 11





  • Gold Roars to One-Year High as Turmoil Drives Safe Haven Demand (BBG)
  • Banking Stocks Pummeled in Europe (WSJ)
  • Dollar, stocks plunge sparks scramble for safety (Reuters)
  • Nymex Crude Slips Below $27 a Barrel (WSJ)
  • No Respite for S&P 500 as U.S. Stock Futures Join Global Selloff (BBG)
 
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