Federal Reserve

Tyler Durden's picture

October Case-Shiller Home Prices Soar Most Since March





While it is two months delayed (and home sales have tumbled since), Case-Shiller reports that home prices rose 0.84% MoM in October, beating expectations and the biggest monthly rise since March. While the YoY gains barely missed expectations at +5.54%, Miami, Tampa, and San Francisco all saw the biggest gains as Chicago, Cleveland, and San Diego saw the biggest drops in home prices.

 
Tyler Durden's picture

The Odds Are Never In Your Favor





Even though the odds are never in our favor, there is still hope. Not everyone has to make the extreme sacrifice in order to contribute to the revolution. There are thousands of small acts which will weaken the establishment: "Don’t be a slave to debt. Live beneath your means and accumulate some physical silver and gold. Don’t vote for candidates selected by the vested interests. Spread the message of liberty and freedom to anyone who will listen. Think critically. Do not trust your government. Prepare for the inevitable collapse of this rotten, fetid, corrupt paradigm."

 
Tyler Durden's picture

Howard Marks Warns "Investor Behavior Has Entered A Zone Of Imprudence"





"Security prices are not low. I wouldn’t say high, but full. So people are thinking cautiously but they’re acting bullish and they’re behaving in a pro-risk fashion. While investor behavior hasn’t sunk to the depths seen just before the crisis, in many ways I feel it has entered the zone of imprudence... The market is not an accommodating machine. It will not go where you want it to go just because you need it to go there."

 
Tyler Durden's picture

The Crude Oil Export Ban - "What, Me Worry About Peak Oil?"





Congress ended the U.S. crude oil export ban last week. There is apparently no longer a strategic reason to conserve oil because shale production has made American great again. At least, that’s narrative that reality-averse politicians and their bases prefer. Congress’ decision to lift the 40-year U.S. ban on crude oil exports reflects the same misinformed and distorted thinking that declares that the world’s highest cost producer - tight oil - can somehow also be the world’s swing producer.

 
Tyler Durden's picture

The Year Nothing Worked





"This year is a wake-up call to think about lower returns for the next several years," notes BMO's Lowell Yura, warning that "investor expectations for both equities and bonds have been [mistakenly] elevated by recent history." According to data compiled by Bianco Research, 2015 could be the worst for asset allocation funds since World War I. Simply put, nothing worked, as for the first time since 2001, none of the major asset-classes returned more than 10%.  As Jim Bianco concludes, “The Fed stimulus lifted all boats, and then the Fed withdrawing the stimulus is holding the boats down."

 
Phoenix Capital Research's picture

The Fed's Academic-Based Theories Are Creating a BRUTAL Economic Reality





This is what happens when the Fed’s academic-based nonsense collides with economic realities: perversions of capital that lead to massive bubbles and eventually even more massive crises.

 
Tyler Durden's picture

Honey, I Shrunk The Middle Class: Less Than One Third Of Households Qualify





If it takes more than $126,000 to fund a qualitatively defined middle class lifestyle, what sense does it even make to call this "middle"?

 
Tyler Durden's picture

Guest Post: Has There Ever Been A More Selfish Generation?





Because we squandered our opportunity to correct our own problems, our problems shall be our legacy. It’s wretched how dumb we are in our greed to have everything right now in the cheapest way possible and how willing we are to force the debts of that consumption upon our grandchildren and to pretend that won’t hurt them. We live in economic denial.

 
Tyler Durden's picture

2015: The Year That Exposed The "Experts" And Left The "Smart-Crowd" Dumbfounded





It wasn’t supposed to be this way. We were all told by the “experts” and the so-called “smart crowd” ad nauseam the economy and markets of 2015 were “ready for lift off.” Proclamations that GDP and other economic metrics were indeed going to be the unquestionable catalyst to help propel not only the markets themselves ever higher, but also, prove all the nay-sayers as well as data-deniers wrong. The problem? It was the exact opposite. 2015 exposed the sole overarching fundamental principle the “experts” refused to calculate into their qualitative analysis. That fundamental? Without the continuing interventionism of the Federal Reserve – there is no market. Period.

 
Tyler Durden's picture

The Credit Crunch Is Back: Banks Scramble To Collateralize Loans To Record Levels





Banks have finally woken up to the risk their billions in C&I loans issued to fund "financial engineering" are exposed to. The reaction: an unprecedented surge in loan collateralization, with the percent of total loans secured by collateral soaring by nearly 50% in the past quarter to a record 55.9%, the highest ever!

 
Tyler Durden's picture

Lessons From The Late '20s - Why Bubbles Abound





Market-based Credit is unstable. This remains the fundamental issue – the harsh reality – that no one dares confront. Long-term stability in a Capitalistic system requires sound money and Credit (hopelessly archaic, we admit). Over the years, we've tried to differentiate traditional finance from unfettered “New Age” finance. The former, bank lending-dominated Credit, was generally contained by various mechanisms (including the gold standard, effective currency regimes, bank capital and reserve requirements, etc.). This is in stark contrast to the current-day securities market-based global financial “system” uniquely operating without restraints on either the quantity or quality of Credit created. There’s no precedence for such a globalized monetary fiasco, though there are a number of historical episodes that provide valuable insight.

 
Tyler Durden's picture

Guns, Gas, & "Selling Kidneys" - 'Off The Grid' Indicators Signal Slowing Economy





Our quarterly survey of “Off the Grid” economic indicators finds that the U.S. economy is still growing, but the pace seems to be slowing from Q3 2015.

 
Tyler Durden's picture

The Fed Has Created A "Monster" And Just Made A "Dangerous Mistake," Stephen Roach Warns





"By now, it’s an all-too-familiar drill. After an extended period of extraordinary monetary accommodation, the US Federal Reserve has begun the long march back to normalization. A majority of financial market participants applaud this strategy. In fact, it is a dangerous mistake."

 
Syndicate content
Do NOT follow this link or you will be banned from the site!