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02.07.23- Fed Loan Officers Paints Dire Picture: Loan Standards Approaching Record Tightness As Loan Demand Plummets
As Bloomberg's Vincent Cignarella observed, "tighter credit likely will drive slower spending, a reduction in risk and the potential for the Fed to pivot sooner rather than later to avoid or shorten a potential recession. That would be more good news for bond bulls." Read More |
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02.06.23- And Now, for Something Entirely Different: The Looming Emergence of Regional Reserve Currencies
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02.04.23- COVID Stimulus Spending Played 'Sizable Role' in Inflation
Stimulus spending played a "sizable role" in driving inflation to 40-year highs in the wake of the COVID-19 pandemic. Read More |
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The Federal Reserve has shed $532 billion in assets since the peak in April, with total assets falling to $8.43 trillion, the lowest since September 2021, according to the weekly balance sheet released today. Compared to the balance sheet a month ago (released January 5), total assets dropped by $74 billion. Quantitative Tightening is starting to make a visible dent: Read More |
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02.02.23- Warning Shot Fired!
I warned my readers a few weeks ago about how the Federal Reserve, in cooperation with giant global banks, has launched a 12-week pilot project to test the message systems and payment processes on the new CBDC dollar. A pilot project is not research and development. That’s already done. The pilot means that what I call “Biden Bucks” are here, and the backers just want to test the plumbing before they roll the system out on the entire population. Read More |
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02.01.23- "Disneyland Is Over" For 'Mickey Mouse' Investors: The Fed Still Has 'The Mother Of All Bombs' To Drop
– Karl Rove Read More |
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01.31.23- The Federal Reserve Is
We’re seeing a Santa Claus rally in stock in January, especially in the speculative momentum stocks. We’ve also seen a rally in the bond market. Peter called it a dead cat bounce. Read More |
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01.30.23- Fed's words in focus as markets bet rate hikes will soon end
Less clear is whether they will continue to signal "ongoing increases" ahead for the policy rate as evidence mounts that inflation and the economy are both losing momentum. Read More |
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01.28.23- Weekend Rant:
I hear from a lot of people! Here are some of the scenarios they see playing out in the near term. They can’t all be right, but here’s a brief run-down of what many suggest is ahead of us. You may disagree with one or all points, but millions of people believe one of the following scenarios will play out. Read More |
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01.27.23- The Biggest Collapse in M2 Money Supply Since the Great Depression
M1 and M2 numbers are from the Fed, ODL is a derivative of M2, described below. Data for the above chart is from the Fed's H.6 Money Stock Report, released January 24. Read More |
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01.26.23- A Dollar Collapse Is Now in Motion – Saudi Arabia Signals the End of Petro Status
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01.25.23- Gold’s Breakout: It’s Not the Inflation
Gold has really taken off since late October, from below $1,630 to almost $1,930 today. That’s a major move. What’s going on? You might want to argue that it has to do with inflation. The trouble with that argument is that (official) inflation has been coming down for the past few months. Meanwhile, gold seemed to massively underperform with respect to the very serious inflation we saw earlier last year. Read More |
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01.24.23- What does this look like 10 years from now?
He was only in the fourth year of his reign, but Charles was already a very unpopular king. One of his worst habits was frequently abusing his power and taking unilateral executive actions– raising taxes or passing new regulations– which would ordinarily require the approval of parliament. Read More |
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01.23.23- CBDC and the Fed's Plan to Weaponize Money |
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01.21.23- The Secret Reason Governments Love Inflation
But when the U.S. government spends beyond its income, that doesn’t happen. It’s a mistake to think about government spending the way we think about our own household spending. The primary difference is a concept known by economists as modern monetary theory (MMT): Read More |
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01.20.23- The Modern State Cannot Exist without Fiat Money
With money on one side of every transaction, the number of relevant prices is reduced, the division of labor expands, and specialization in the stages of production becomes possible. The basic function of money, then, is to facilitate exchange. Contrary to this purpose, the substitution of national paper currencies for commodity money has made trade more difficult. Read More |
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01.19.23- Fed Announcement Has Unexpected Effect on Gold Demand
No Fed U-turn means gold will disappoint… right? Last week’s gold news was, for the most part, how the Federal Reserve didn’t U-turn. It’s sticking to its hawkish monetary-tightening policy with general expectations that it will continue to do so. The subsequent headlines are surprising. Read More |
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01.18.23- The Fed Is a Purely Political Institution, and It's Definitely Not a Bank.
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01.17.23- Powell Answering Questions
At a conference in Sweden, Powell made his case using an appeal to democracy: With independence comes the responsibility to provide the transparency that enables effective oversight by Congress, which, in turn, supports the Fed's democratic legitimacy. Read More |
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01.16.23- "Survive, Then Thrive": One River Digital On The Future Of Ethereum
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01.14.23- Weekend Rant: Will You Beat Uncle Sam’s Relentless Pursuit of Your Wealth?
According to the U.S. Census Bureau’s population clock, the U.S. population is over 334 million. This, no doubt, is a lot of mouths to feed and people to clothe and shelter. But that’s not all. Read More |
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01.13.23- The Great Depression's Patsy
To protect fractional reserve banking and generate a buyer for its debt, the US government created the Federal Reserve System in 1913 and put it in charge of the money supply. From July 1921 to July 1929, the Federal Reserve inflated the money supply by 62 percent, resulting in the crash in late October. The US government, following an aggressive “do something” program for the first time in American history, intervened in numerous ways throughout the 1930s—first under Herbert Hoover, then more heavily under Franklin D. Roosevelt. Read More |
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01.12.23- Schiff: Is "Cooling" CPI Setting The Stage For More Inflation?
And a deeper look at the data reveals that a lot of inflationary pressure remains despite the optimistic headlines. Read More |
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01.11.23- What if the "Black Swan" of 2023 Is the Fed Succeeds?
What if the "Black Swan" of 2023 is the Federal Reserve succeeds? Two stipulations here: 1. "Black Swan" is in quotes because the common usage has widened to include events that don't match Nassim Taleb's original criteria / definition of black swan; the term now includes events considered unlikely or that are off the radar screens of both the media and the alt-media. Read More |
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01.10.23- Here's The Truth About
Now, if this chart showed the stock price of a company, would you want to invest in it? If it’s the price of a commodity, would you be a buyer? Read More |
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01.09.23- Has the Federal Reserve |
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01.07.23- How FedGov Destroyed
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01.06.23- Why the Threat of Deflation is Real
First, the definitions of inflation and deflation go beyond commonly accepted meanings. As Robert Prechter’s Last Chance to Conquer the Crash says: Inflation is an increase in the total amount of money and credit, and deflation is a decrease in the total amount of money and credit. … Read More |
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01.05.23- Central Banks Finally Own Up to the Crisis They Created
When is recession going to strike? When will the Fed reverse course on tightening? Read More |
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01.04.23- Is There A Way To Stop Inflation Without Crushing The Economy
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01.03.23- The Fed needs to jack rates up
This is nuts, we thought there was a crash? If you thought that the Federal Reserve’s interest rate hikes and the Nasdaq’s subsequent 33 per cent puke in 2022 were enough to finally kill the tragicomically engorged late-stage private market tech bubble . . . Read More |
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01.02.23- Is QE returning by stealth?
It has been a bleak year for many investors. Global investors have lost $23tn of wealth in housing and financial assets so far in 2022, according to my estimates. That is equivalent to 22 per cent of global gross domestic product and uncomfortably exceeds the lesser $18tn of losses suffered in the 2008 financial crisis. Read More |
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