Federal Reserve

SurlyTrader's picture

Gold, Yen, Central Banks and the Endgame





Central Banks shorting Gold and Silver to preserve their status as Masters of the Universe.

 
Tyler Durden's picture

We Have Just Witnessed The Last Gasp Of The Global Economy





"... the admissions of financial danger by internationalists, the sharp drop in stocks at the beginning of fall, the reversal of the political theater, and the fact that mainstream investors now recognize the illegitimacy of the markets yet continue with the scam anyway, signals the last gasp of the global economy. I expect increasing market instability from this point on, as well as numerous geopolitical distractions which will be blamed for the fiscal chaos. Needless to say, the coming storm is a deliberately engineered one, meant to achieve very specific goals, including a fearful and panicked populace, easy to manipulate as the system goes off the rails for the last time."

 
Tyler Durden's picture

Macau – A Canary In China's Coal Mine?





Economic data from China have generally been on the weak side of late, but not catastrophically so. And yet, apart from growing weakness in aggregated data, we also see more and more anecdotal evidence that the economy is deteriorating.

 
Tyler Durden's picture

What A Difference 2 Weeks Makes





Since Jim Bullard unleashed his "we're gonna need a bigger QE" speech as the Dow-Data-Dependent Federal Reserve saw a 1000-point drop as the trigger for moar intervention, the world has changed. In fact, the exuberance is so effusive that, according to AAII, the percentage of Bullish advisors surged by the most on record... and yet we keep being told how negative everyone is?

 
Tyler Durden's picture

"If The Fed Was Truly Data-Dependent, They Would Have Tightened Already"





In 2006, Bernanke said that “stable prices are a prerequisite to the achievement of the Federal Reserve’s other mandated objectives….”   In other words, achieving maximum employment and low long-term interest rates, required price stability foremost.  However, in the past few years, the FOMC expressed its willingness to compromise price stability in order to gain improved employment. It seems to me that markets have been duped into believing that inflation is a proxy for growth. However, fragmented global policy shifts - as opposed to the quasi-coordination from 2008-2013 - are causing enormous volatility in currency and commodities.  It is likely to spill over into equity and bond markets, and have the potential to trigger disruptive second order effects.  Hopefully, the Fed does not miss its window of opportunity to hike before this occurs.

 
Tyler Durden's picture

The Economy Is So "Strong" It Just Cost Obama The Senate





Based on the ridiculous, seasonally-adjusted data released day after day by the various US "Departments of Truth", also known as the BLS, the Census, the Dept of Commerce, UMichigan, ADP, the Conference Board and so on, the US economy is so strong and consumer confidence is so resurgent, America is on the verge of a second golden age. Sadly, for Obama, and last night's epic rout for Democrats, it was all a lie - a lie perpetuated by a manipulated S&P500 which hit daily record highs on unprecedented central bank liquidity injections which have now terminally disconnected the "markets" from the economy, and the welfare of the vast majority of the common "folk" - and said "folk" saw right through it.

 
Marc To Market's picture

ECB: Everything Can't Be





What if we were as skeptical of the reports on the ECB as we are of the Fed ?

 
Sprout Money's picture

WGC: "Improving GDP Benefits Gold Demand"





There is a very strong correlation between the GDP and the demand for gold, even in mature markets!

 
Tyler Durden's picture

1,001 Nights Of Stock Market Stories





There is an old Wall Street chestnut that goes, “It’s not a stock market; it’s a market of stocks.”  Fair enough, but we’ll take a different approach today to complete this aphorism: “It is a market of stories.”  Yes, it is stories that vie for our attention, define our realities, and spur us to action.  Recent academic work on the subject reveals that the right narrative – ideally one with a strong human element – physically changes how we process information and make us more likely to empathize with and ultimately believe the stories we hear.  Too fluffy a concept for you?  The research we cite was partially funded by the U.S. Department of Defense’s Advanced Research Projects Agency (DARPA), and when they have an interest in something, rest assured it has a very serious purpose.  As for applications in the world of investing, recognizing powerful stories earlier than the pack is pretty much the job description for a nalysts and portfolio managers alike.  Just be aware that it is all too easy to fall for one as well. 

 
Tyler Durden's picture

Thoughts On Election Day: Relax, Both Parties Are Going Extinct





"Whichever side emerges victorious, both Republicans and Democrats should face up to a much bigger truth: Neither party as currently constituted has a real future." On this, another election day sham, it is key to not get discouraged. Things are changing at the grassroots for the better. The battle of decentralization vs. centralization, networks vs. hierarchies, will not be easily won, but it will be won. Keep fighting.

 
Pivotfarm's picture

Does this Black Swan look like a Grey Goose?





In the previous 125 years of the Global economy, no two events overshadow the system fragility of the financial system as the economic woes of the 1920’s and 1930’s and the crisis of 2008.

 
GoldCore's picture

Germany’s Third Largest Political Party Sells €1.6 Million of Gold In Two Weeks





Disillusionment with Europe's single currency continues to grow with the cracks beginning to show in it's heartland, Germany, where the third largest political party is now selling gold coins and bars to raise funds.

 
Tyler Durden's picture

Paul Singer Slams The Fake World: "Fake Growth, Fake Money, Fake Jobs, Fake Stability, Fake Inflation Numbers"





"Nobody can predict how long governments can get away with fake growth, fake money, fake financial stability, fake jobs, fake inflation numbers and fake income growth. Our feeling is that confidence, especially when it is unjustified, is quite a thin veneer. When confidence is lost, that loss can be severe, sudden and simultaneous across a number of markets and sectors."

"The situation is universal, a consequence of incompetent leaders and careless (or ignorant) citizenry."

 
Tyler Durden's picture

Into The Unknown





“On October 15th 2014, if only for a few short minutes, market forces broke out and the failure of central bankers was briefly evident... There is a very simple lesson that when the markets finally break through the manipulation they move to price in deflation and not inflation. This is key because it means financial repression has failed.” These days, you don’t tend to hear the words ‘failure’ and ‘central bankers’ in the same sentence (unless the topic happens to be Zimbabwe). But perhaps the omniscience and omnipotence of central bankers is somewhat overstated.

 
Phoenix Capital Research's picture

The BIG Issue if the GOP Takes the Senate





 If the GOP takes the senate, the days of the Fed doing whatever it wants will have ended. This may well in fact be what pops the US stock market bubble. The GOP hasn't controlled the Senate at any point since the Crisis hit in 2008. If the GOP controls both the House and the Senate, the Fed will be in for SERIOUS problems. 

 
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