In March 2008, the Fed overlooked the clear signals provided by the Bear Stearns’ failure leading to the Great Economic Recession. The Federal Reserve is sticking to its mantra of high-interest rates for longer in order to regain inflation control. By so doing, the Fed risks inviting a financial system crisis next year that could […]
Is The Fed Ignoring Signs of Another Financial Collapse? Read More »
Us debt up over 1.7 trillion in three months. The national debt – which measures what the U.S. owes its creditors — hit $33.04 trillion as of Monday afternoon. “As lawmakers drift from one short-term fiscal crisis to the next, our national debt just keeps piling up, trillion after trillion,” said Michael Peterson, CEO of
US National Debt Hits $33T for First Time in History Read More »
Strand noted that since President Richard Nixon closed the gold window, effectively taking the U.S. dollar off the gold standard, the U.S. dollar’s value against gold has declined 97%. The combination of unabated money printing from the central banks resulting in enormous balance sheets and higher money velocity gave us the latest price inflation,” Strand said in his latest
The inverted yield curve on U.S. Treasuries has been flashing warnings about the economy for some time now. 10-year yield has been below the 3-month rate for 212 trading days. Such an inversion telegraphed the last eight recessions. And on Sept. 14, the market surpassed the 1980 record to hold that way for the longest
The Bond Market Has Never Sounded Recession Alarms for This Long Read More »
Easily identifiable domestic threats to portfolios include lingering inflation along with possible future interest rate hikes, a reignition of banking issues, and housing prices that have stretched higher in relation to relative incomes than they did during the 2008-09 financial crisis. Investors have yet to break even from January 2022 and are still realizing losses of
Record Global Debt Could Deliver Punishing Blow to Markets This Year Read More »
Efforts to bring down inflation could collide with high debt loads, Goldman Sachs warned, highlighting the implications for US debt. That comes as higher rates are already pressuring government balances via increasing interest costs. “This suggests the US and UK are the most obvious candidates for a duration risk premium repricing.” The note said, referring
Topping his concerns include central banks reining in liquidity programs via “quantitative tightening,” the Ukraine war, and governments around the world “spending like drunken sailors.” “If and when you have a recession, which you’re eventually going to have…,” Dimon said. “In a normal credit cycle, something always does worse than expected,” he added. “I think
House Majority Whip Tom Emmer, R-Minn., on Tuesday afternoon will reintroduce the Central Bank Digital Currency Anti-Surveillance State Act. a Republican-backed bill that aims to prevent the Federal Reserve and its member banks from issuing a digital version of the dollar and using it to implement monetary policy. 130 countries, representing 98% of the global
GOP Takes on Federal Reserve in Battle Over Digital Dollar Read More »
Prices will make a move and hit $5,000 an ounce within three years, according to Michael Lee, Founder of Michael Lee Strategy. … The macro data the market is basing its estimates on looks manipulated or flawed by design, according to Lee. “For a lot of the United States, they’re already in recession,” “Every single
Stocks could crash nearly 50% as a severe recession sets in, Milton Berg has warned. The veteran technical analyst flagged investor complacency and more banking woes as risk factors. Berg expects the S&P 500 to plunge below its level in October and approach its pandemic lows. The S&P 500 could crash nearly 50% as the
