Federal Reserve

The End Game

"..the debt problem is so pervasive, there is only way one forward - inflate... They will do anything (and everything) to ensure the financial system doesn’t implode on itself... They will keep printing until the bond market takes the keys away."

Is The Fed's Balance Sheet Headed For The Crapper?

It’s no secret the plumbers at the Fed are feverishly devising a way to unwind their $4.5 trillion balance sheet with officials claiming this will nary elicit an inkling of a disturbance in the markets they’ve coddled all these years. But one must wonder, at the timing, at the ostensive optics, if nothing else...Unless, that is, the motivations of shrinkage are less than magnanimous and dare one say, immoral.

Kashkari Slams Dimon: "If Demand For Loans Is High, Why Are You Buying Back Your Stock?"

"Dimon argues that the current capital standards are restraining lending and impairing economic growth, yet he also points out that JPMorgan bought back $26 billion in stock over the past five years. If JPMorgan really had demand for additional loans from creditworthy borrowers, why did it turn those customers away and instead choose to buy back its stock?"

Gary Cohn Backs Reinstating Glass-Steagal, Breaking Up Big Banks

The former Goldman Sachs Group Inc. executive who is the top White House economic adviser told lawmakers he could support legislation breaking up the largest U.S. banks, according to people familiar with the matter, a development that bolsters congressional efforts to reinstate the Depression-era Glass-Steagall law.

Frontrunning: April 6

  • Senate Set to Vote to Eliminate Supreme Court Filibuster (WSJ)
  • Trump’s Xi Summit Tests Promises on Trade, North Korea  (BBG)
  • Is North Korea putting a nuclear-tipped bargaining chip on the table? (Reuters)
  • Why Xi Jinping Must Tread Carefully When He Meets Trump  (BBG)
  • China Market Access in Spotlight as Meeting Nears  (BBG)
  • Trump Rethinks Foreign Policy After Syria, North Korea Crises (WSJ)

50% Of Americans Live Payday-To-Payday; 33% Can't Write A $500 Emergency Check

It's been more than seven years since the 'great recession' officially ended, but while Fed policies have successfully generated massive asset bubbles which have accrued solely to the benefit of America's wealthiest, the majority of American families remain as vulnerable to financial disaster as they were during the height of the crisis.

Trump Continues to Ignore Monetary Policy — And It Will Cost Him

We’re now three months into the new administration and more than a year on from the start of a powerful late-cycle monetary stimulus (otherwise described as “the Yellen Put” in which all planned rate rises for 2016 were halted) by the Federal Reserve. But, we haven’t heard a whimper from the Republicans over the Fed’s extremely timid efforts at ending it’s ultra-easy-money policy.