Janet Yellen

Tyler Durden's picture

Here's How To Trigger A Bank Run

What should the rational investor do in an environment of ongoing financial repression? If you wanted to trigger a bank run, this is certainly how you might go about it.

Tyler Durden's picture

Futures Rebound On Latest Chinese Intervention, Renewed Hopes For "Moar From Mario"

Without a rerun of last Friday's Chinese stock market rout, European traders could focus on what "really matters", namely how much of the ECB's upcoming 20 bps rate cut and €20 billion QE expansion (with Commerzbank saying Draghi may even hint at Europe's QE3) is priced in, and whether the ECB's actions are just modestly priced in, or more than fully, and just how big the "sell the news" event will be.The result: the Euro falls to a new 7 month low, the dollar spot index hits a new all time high, and European stocks and US futures stage another remarkable overnight comeback on the usual low volume levitation and central bank intervention.

Phoenix Capital Research's picture

One by One the Central Banks Are Losing Control

The fact of the matter is that despite public opinion, there are problems that are so big that the Central Banks cannot fix them. We’ve seen this in Switzerland and China and now in Europe. It will be spreading to other countries in the near future.

Tyler Durden's picture

"Your Debt Bubble Is Here" - The Updated Leverage Cycle Map

Wondering where the world's economies are in the leverage cycle? Well, wonder no more. SocGen is out with its updated "leverage clock" which shows you where the bank thinks everyone falls in terms of ticking debt time bombs. As you'll see, SocGen's assessment is quite generous...

Tyler Durden's picture

9 Regional Feds Pushed For Discount Rate Hike In October

In July it was 5, then in October the number rose to 8, and moments ago we learned that during the meetings on October 15 and 22, a total of nine regional Feds had asked to increase the Fed's discount rate from 0.75% to 1.00%, with Boston joining the St. Louis, Atlanta, San Francisco Fed, Cleveland, Dallas, Philadelphia, Kansas City and Richmond Fed. Two banks, the Chicago and NY Fed wanted to keep rates at 0.75%, while the domain of Fed's uber dove Kocherlakota, the Minneapolis Fed where former Goldmanite Neel Kashkari will soon operate, asked for a Discount Rate cut to 0.50%.

Tyler Durden's picture

A Furious Ralph Nader Calls Out The Fed As "Tribune To Plutocratic, Crony Capitalism"; Janet Yellen Responds

In his letter, reproduced below, Nader bashes  the "tediously over-dramatic indecision as to when interest rates will be raised"; demands that the Fed not "lecture us about the Fed not being “political.” When you are the captives of the financial industry, led by the too-big-to-fail banks, you are generically “political" and - in short - wants to know when the Fed will put the interests of Main Street over those of "plutocratic, crony capitalism for which the Federal Reserve has long been a leading Tribune."

Tyler Durden's picture

ISIS Coverup: US Centcom Accused Of Lying To President, Congress, Public About Airstrikes, Ground Fight

According to current and former officials who spoke on the condition of anonymity, US Central Command may have been involved in a year long effort to obscure the fact that America’s strategy to combat ISIS simply was not effective. "At the least, the prospect that senior officials intentionally skewed intelligence conclusions has raised questions about how much Mr. Obama, Congress and the public can believe the military’s assessments."  

Tyler Durden's picture

Recovery? "We Never Came Close"

Americans have taken on more revolving debt (credit cards basically) since March than they did the previous three years combined. Economists are, as you would expect, nearly ecstatic over the impoverishment. To them, it signals the final capitulation of consumers to that which Janet Yellen has been professing since her term began. But there is a huge problem with that view; if consumers are borrowing, what are they doing with the balances? Instead, this discontinuity can only be consistent where consumers are completely out of options. If there are noticeably fewer goods being shipped here and within here, the US, and borrowing has just exploded at the same exact time then it is rather easy to conclude far more of full recession than recovery.


Tyler Durden's picture

Transparency At The Fed - Why Is Janet Panicked About The House's FORM Act?

Janet Yellen’s astonishing letter to the Speaker of the House, Paul Ryan, is a sign that the central bank is panicking over the fact that Congress is unhappy with the job it has been doing.

Tyler Durden's picture

The Fed Has Made A "Policy Mistake" And The Inevtiable Result Will Be A Recession, BNP Warns

"The reason for our recession concern is not so much because of what the Fed is about to do – likely embark on a slow hiking cycle beginning in December – but because it did not start the tightening much sooner."

Tyler Durden's picture

Swap Spreads Just Hit A New Record Negative Low: Goldman's Explanation Why

Having detailed the "perverted nonsense" that is the collapsing and negative US swap spreads (here, here, here, and here) and noted money manager's concerns that the big question remains whether there is "something bigger brewing under the surface that so far hasn’t been pinpointed yet," it appears Goldman Sachs feels the need to 'explain' the anomaly in what appears an effort to calm fears about the broken money markets. Of course, we don’t have to figure out what the “market” is saying about a negative spread because it isn’t saying anything other than “something” is wrong and even Goldman admits this signals funding and balance sheet strains are worsening since August.

Tyler Durden's picture

Fed Minutes Preview: Is The FOMC As Hawkish As It Sounded In October?

Well, we’re less than one hour away from the release of the October Fed minutes. Who’s excited? Despite the fact that the October NFP print came after the FOMC meeting, market “bird watchers” will still be keen on parsing every last word for hints around what the very “data dependent” Fed may or may not announce next month. Here's an early take on what to look for.

Tim Knight from Slope of Hope's picture


I had never heard the term "safe space" until just a few days ago, but it's a zone in which free speech is completely forbidden, for fear of hurting the feelings of some special snowflake.

Sprott Money's picture

Five reasons the Fed can’t raise rates

Once you examine the finer details, it quickly becomes clear that there are five key reasons that the Fed is unlikely to raise rates anytime soon.

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