Silver as an investment

Category Archives: Fed Funds Target

We Are Already In Depression (If Borrowing Money Is Not Income)

Via Baker & Company Advisory Group, The U.S. economy is not as solid as it appears. Statistical anomalies hide profound weakness. I will examine actual GDP and actual employment. Warning: not for the faint of heart. Do you consider debt as income? Before you answer that, let’s perform a thought experiment. Imagine that you had taken […]

“So What Did We Learn From Yellen?”: Deutsche, Goldman Explain

For those still unsure what Yellen’s rambling, disjointed press conference meant yesterday, or are still in shock over the Fed’s admitted confusion by the “mystery” that is inflation, here is a quick recap courtesy of Deutsche Bank and Goldman, explaining what we (probably) learned from the Fed and Yellen yesterday. First, here is DB’s Jim […]

“FOMC Drift” In Full Effect As Global Stocks Rise; S&P Futures Hit New Record; Oil Slides

With last Friday’s “tech wreck” now a distant memory, this morning the “FOMC Drift” described yesterday, which “guarantees” higher stock prices and a lower dollar heading into the Fed announcement is in full effect, with European and Asian stocks rising for a second day, led by rebounding tech shares, while S&P futures are modestly in […]

Confusion In Bond World, As Eurodollar Shorts Hit New Record High Over $3 Trillion

One week after we observed the biggest monthly short squeeze in 10Y TSYs in history, it was a relatively calm week in the longer-end of the Treasury curve. According to the latest CFTC data, spec net shorts in aggregate Treasury futures was little changed from the previous week at 612K contracts in TY equivalents. While, […]

ZeroHedge: Goldman Unveils The FX Doom Loop: Turns “Outright Negative” On Yuan Due To “Weak Link”

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. When we first presented the so-called “Nightmarish Merry Go Round“, dubbed so by Bank of America because of the reflexive, recursive bond – and trap – that has formed between the Fed and markets… … in which neither can break […]

ZeroHedge: Here Are The “Dots” – Fed Downgrades Economic Outlook, Sees Just Two Rate Hikes In 2016

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Back in December, the overoptimistic Fed predicted 4 rate hikes in 2016. Just a few weeks later, the Fed Funds futures said “no way”, when markets crashed, predicting the Fed was dead wrong, expecting zero rate hikes in 2016 (and […]

ZeroHedge: Financial Time Bombs Hiding In Plain Sight

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Submitted by David Stockman via Contra Corner blog, The bear will soon be arriving in earnest, marauding through the canyons of Wall Street while red in tooth and claw. Our monetary central planners, of course, will once again – for the third time this century – be utterly shocked […]

The Mechanics Of NIRP: How The Fed Will Bring Negative Rates To The U.S.

Over one year ago, when the “conventional wisdom” punditry was dreaming up scenarios in which the Fed could somehow hike rates to 3% and in some magical world where cause and effect are flipped, push the economy to grow at a comparable rate we said that not only is the Fed’s tightening plan going to […]

A “Witch’s Brew” Bubbling In Bond ETFs

Via The Financial Repression Authority, We believe the Credit Cycle has turned and with it will come some massive unexpected shocks. One of these will be the fall out in the Bond Market, centered around the dramatic growth explosion in Bond ETFs coupled with the post financial crisis regulatory changes that effectively removed banks from […]

October Case-Shiller Home Prices Soar Most Since March

While it is two months delayed (and home sales have tumbled since) and before The Fed raised rates, Case-Shiller reports that home prices rose 0.84% MoM in October, beating expectations and the biggest monthly rise since March. While the YoY gains barely missed expectations at +5.54%, Miami, Tampa, and San Francisco all saw the biggest […]