Federal Reserve


“When it becomes serious, you have to lie...”

Fleecing Taxpayers Won't Fix The Pension Crisis

"Public pensions are a financial time bomb... In the US, unfunded public pension liabilities have surpassed $5 trillion. And that’s during an epic stock and bond market bubble...Predictably, the government’s go-to 'solution' is already making matters worse."

Goldman Interviews Former Head Of The Plunge Protection Team

"Purchasing a wider set of assets—as do some other central banks—might enable the Fed to have a larger effect on financial conditions and promote faster recoveries. But it would also involve putting more taxpayer money at risk and having an imprint on a wider set of risk premiums in the market."

"Solid Footing"... How Is The Average Joe Really Doing?

"Overall, the U.S. economy remains on solid footing, against the backdrop of the first synchronized global economic growth we have seen in many years and accommodative financial conditions..." - Brainard

Why One Trader Thinks Calls For A Yield Rebound Are Wrong

After the U.S. 10-year yield fell to just above 2%, what’s next? It’d be easy to say it should snap back to a range of 2.3% to 2.5%, especially after it jumped at Monday’s open. But that’d be too boring. That’s the consensus view. Here are the reasons the world benchmark for borrowing costs can drop below 2%.