MIKE WHITNEY Imagine if the congress approved a measure to form a public-private partnership between the US Treasury and the Federal Reserve. Can you imagine that? Now imagine if a panicky and ill-informed Congress gave […]
by Tyler Durden The Fed has gushed trillions into the short-term money markets in an attempt to fill what appears to be a bottomless pit and now Treasury and the government are discussing direct loans to […]
Michael Krieger And so castles made of sand fall in the sea, eventually. – Jimi Hendrix There’s a widespread belief out there that the U.S. and the global economy in general is on much sounder […]
by Tyler Durden Authored by Mike Whitney via The Unz Review, Monday’s 1,000 point bloodbath was followed by Tuesday’s 879 point rout, lobbing 8% off total market value in less than 48 hours. The two-day drubbing has […]
“A shocking crime was committed on the unscrupulous initiative of few individuals, with the blessing of more, and amid the passive acquiescence of all.” Tacitus, Publius Cornelius The shocking crime being committed during this century […]
by Tyler Durden As we noted over the weekend, everyone’s all-in… Despite 77% of CFOs now admitting the market is significantly overvalued, retail investor (super) sentiment, via the CNN Fear and Greed Index, has printed at all time series highs. What about institutional sentiment? Well, contrary […]
CHARLES HUGH SMITH The global economy and financial system are both running on the last toxic fumes of financialization and globalization. For two generations, globalization and financialization have been the two engines of global growth […]
The stock market reached new all-time highs. This has occurred because the Federal Reserve’s ‘quantitative easing’ never really ended. Instead of consulting Congress like they did in 2008, the Fed simply creates currency out of […]
by Tyler Durden In previewing today’s Fed statement regarding repurchase operations, on Tuesday Curvature Securities repo expert Scott Skyrm said that he expects the Fed to announce a $50 billion (at least) term operation for Monday December 23 […]
Not only will events outrun Plan B, they’ll also outrun Plans C and D. We all know what Plan B is: our pre-planned response to the emergence of risk. Plan B is for risks that can be anticipated, regular […]
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