Federal Reserve

Meet New Fed Chair Jerome Powell, In His Own Words

The new Fed Chairman, Jerome Powell, has served as Federal Reserve governor for the past five years, giving him ample opportunity to express his views about the policies he will oversee. So meet Janet Yellen's replacement, in his own words...

World Stocks Soar To New Record Highs As Oil, Metals Surge Ahead Of The Fed

US equity futures have hit a new all time high, helped by surging Asian and European stocks which have all started November on a euphoric note. Surging commodity prices, optimism about tax reform and hope for a new dovish Fed chair all combined to drive global stock markets to record highs on Wednesday.

Previewing Today's Fed Policy Decision

While normally Wednesday's Fed meeting would be the week's biggest market-moving event, this time - smack in the middle of the busiest earnings week of the year - it may not even make the top three...

Frontrunning: October 31

  • Mueller’s Moves Signal Broad Scope (WSJ)
  • Spain awaits next move by ousted Catalan leader from Belgium (Reuters)
  • China, South Korea agree to mend ties after THAAD standoff (Reuters)
  • For Manafort, Questionable Airbnb Sublets Became a Family Affair (BBG)
  • U.S. business group worries Trump unprepared for commercial talks with China (Reuters)

What Will Stocks Do Under A New Fed Chair?

"Just as a new President brings uncertainty, a new Fed chair can do the same. In fact, going clear back to Charles Hamlin (the first Fed chair) in 1914 and his 14 successors, the Dow is down on average six months after a new chair..."

Bitcoin, Blockchain, And Bank Of America

"The growing pile of public debt in the US is why price stability will never be part of the mix... and is why dollar-alternatives like bitcoin, imperfect and even fraudulent as they may be, will continue to capture the attention of those seeking to escape the economic tyranny of fiat paper money..."

Key Events In The Coming Very Busy Week

With a full slate of central bank meetings, data (including payrolls Friday) and earnings next week there’s a little bit for everyone. On Thursday, according to Politico, we will also know who the next Fed Chair is as well as get a first look at a version of the House tax bill in the US, perhaps on Wednesday.

The Fading Scent Of The American Dream

This is the reality: the American Dream is now reserved for the top 0.5%, with some shreds falling to the top 5% who are tasked with generating a credible illusion of prosperity for the bottom 95%.