Silver as an investment

Category Archives: Bill Dudley

Fed’s Kaplan Makes A Stark Admission: Equilibrium Rate May Be As Low As 0.25%

As we have hammered away at for years, “the math doesn’t work”, and it appears The Fed just admitted it. In a stunning admission that i) US economic potential is lower than consensus assumes and ii) that the Fed is finally considering the gargantuan US debt load in its interest rate calculations, moments ago the […]

Jim Rickards Warns “QT1 Will Lead To QE4”

Authored by James Rickards via The Daily Reckoning, There are only three members of the Board of Governors who matter: Janet Yellen, Stan Fischer and Lael Brainard. There is only one Regional Reserve Bank President who matters: Bill Dudley of New York. Yellen, Fischer, Brainard and Dudley are the “Big Four.” They are the only […]

SocGen: The Fed Is Raising Rates Too Slowly To Contain Asset Bubbles

Yesterday, when looking at the divergence between the slowing US economy and the Fed’s insistence on hiking rates, Bank of America’s David Woo asked if there is a different motive behind the Fed’s tightening intentions, namely is the Fed trying to pop the market asset bubble: “Can it be the case that its hawkishness was […]

A Quarter Of American Adults Can’t Pay All Their Monthly Bills; 44% Have Less Than $400 In Cash

There was some good news and some not so good news in the Fed’s latest annual Report on the Economic Well-Being of U.S. Households. First the good news. The report, based on the Board’s fourth annual Survey of Household Economics and Decisionmaking conducted in October 2016, presents a “picture of improving financial well-being among Americans”, […]

RBC: “The Fed Is Now Forced To Walk Back The Market’s Incorrect Dovish Interpretation”

First, it was Goldman’s chief economist Jan Hatzius, who in a fascinating note explained why the market has totally misread the Fed’s tightening intentions, claiming the market surge is “not the reaction the Fed wanted”, alleging that the market’s dramatic “easing” response was “not the outcome the FOMC aimed for” and concluding that “at the […]

The Fallacy Of Central Planning (Exposed By South Park’s Underpants Gnomes)

Submitted by Jeffrey Snider via Alhambra Investment Partners, In the seventeenth episode of the second season of the Comedy Central cartoon South Park, the show introduces one of its longest lasting memes that has survived despite the first airing being nearly twenty years ago, and all the vulgarity and seemingly gratuitous violence in between. Titled […]

Brace Yourself For The Quadrillion-Dollar Reckoning

Via MauldinEconomics.com, The ever more extreme antics of our central bankers keep forcing us to find new ways to describe them. My good friend Danielle DiMartino Booth does this by drawing an interesting historical parallel. Danielle takes us back to the 20th-century era of World Wars and draws upon Liaquat Ahamed’s. The Lords of Finance. […]

ZeroHedge: Emerging Market Currencies Have Best Month In 18 Years As Yellen Buoys Sentiment

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Herding cats is a notoriously difficult task, but Janet Yellen served notice on Tuesday that no matter what emanates from other members of the US monetary politburo, there’s only one house view and that’s her’s. “As she spoke, I couldn’t […]

ZeroHedge: “Bad News Is Great Again” – Global Stocks Soar After Yellen Admits Global Economy Is Much Weaker

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. At the end of the day, it was all about the dollar. Starting March 18, the Bloomberg Dollar Spot had risen as much as 1.9% as Fed officials including Lacker, Williams and Bullard noted upside risks on rate-hike projection and […]

ZeroHedge: Plot Thickens In New York Fed Heist As $30 Million In Cash Said Delivered To Mystery Chinese Man

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. One week ago, we documented the Hollywood-esque theft of $100 million from accounts held at the NY Fed and belonging to the central bank of Bangladesh. In many ways, the heist was elegantly planned and executed and in others it […]