Janet Yellen

Key Highlights From Trump's AP Interview

Following market moving interview with the FT and especially the WSJ, on Sunday the Associated Press released the full transcript from its interview with President Trump. Below, we point out some of the market-moving highlights.

Ron Paul Rages "The Federal Reserve Is, and Always Has Been, Politicized"

While auditing the Fed is supported by the vast majority of Americans, it is opposed by powerful members of the financial elite and the deep state. Therefore, those of us seeking to change our national monetary policy must redouble our efforts to force Congress to put America on a path to liberty, peace, and prosperity by auditing, then ending, the Fed.

"Hell To Pay"

"No doubt, there’s hell to pay for 100 years of ever escalating financial insanity.  Take it in stride.  The downside is here and it’s not going away any time soon."

Is The Deep State Creating Another "Crash Of 1929"?

"In short, the Deep State and their cronies, who were instrumental in creating the economic, social, and political house of cards that now exists, have the perfect opportunity to bring on the collapse and blame the new president for it."

Bond Bears Battered To 5-Month Lows But Rate-Hike Bets Top $3.2 Trillion

Since their peak 'shortedness' in mid-January, US Treasury bond bears have covered 500,000 10-year-equivalent contracts, reducing the net speculative short to its lowest since before Thanksgiving 2016. At the same time, however, Eurodollar shorts (bets on Fed rate hikes) have soared to a new record high (over $3.2 trillion notional).

Why The Equity Bull Market Must Continue (Or Else)

The last time Private and State & Local Government Pensions were fully funded was at the end of the stock market bubble in 2000. However,  even with stocks making new highs, these pensions remain $2.33 trillion, or 27 percent of their assets, underfunded at the end of 2016.