Silver as an investment

Category Archives: FED

Fed fines Deutsche Bank $156.6 million for forex violations / By Patrick Rucker and Karen Freifeld, Reuters / Thursday, April 20, 2017 The U.S. Federal Reserve on Thursday fined Deutsche Bank $156.6 million for violating foreign exchange rules and running afoul of the Volcker Rule. The German bank failed to detect and halt its traders from using chat rooms to communicate with competitors, […]

Are Bonds Headed Back To Extraordinarily Low Rate Regime? / Via Dana Lyons’ Tumblr / Apr 20, 2017 11:28 AM The U.S. 10-Year Treasury Yield has dropped back below the line containing the past decade’s “extraordinarily low-rate” regime. Among the many significant moves in financial markets last fall in the aftermath of the U.S. presidential election was a spike higher in U.S. bond yields. This spike […]

Crispin Odey: “It Feels Lonely Being Bearish” / by Tyler Durden / Apr 20, 2017 10:40 AM In Crispin Odey’s latest letter to investors, the billionaire hedge fund manager laments “how quickly everything has changed”, notes that “without the reflation fireworks, equity markets feel vulnerable”, and concludes that while a year ago it was easy to be bearish – China was slowing, world trade […]

Fantasyland Reality Check: Fed’s Beige Book Makes Absurd Claims in at Least 3 Places / Mike “Mish” Shedlock / April 19, 2017 The Fed’s Beige Book, a summary of economic activity in 12 Fed regions, claims modest wage increases broadened, manufacturing expanded, and light vehicle sales strengthened. Let’s investigate those claims in detail, emphasis mine, then do a reality check on those ideas. Overall Economic Activity Economic activity increased in each of […]

May’s Bold Move and Fed Expectations / by Marc Chandler / April 19, 2017 UK Prime Minister May surprised the global investors and world policymakers by calling snap elections, precisely what the 2011 electoral law sought to prevent by fixing the date of elections.  As recently as before the Easter break, May’s office denied the persistent speculation that she would (or […]

Kansas City Fed says Rate Hikes “Necessary” as Weakness is “Transient”: June Rate Hike Odds Sink / Mike “Mish” Shedlock / April 18, 2017 Esther George, president and chief executive officer of the Kansas City Fed says Continuing With Rate Rises Is ‘Necessary’. She also claims weak economic data is “transient”. Meanwhile, the market increasingly believes the economy is weakening and rate hikes are less likely. Federal Reserve Bank of Kansas City […]

Dear Hedge Funds: This Is Who Is Responsible For Your Deplorable Returns / by Tyler Durden / Apr 17, 2017 1:07 PM Over the past several years we have repeatedly stated that despite protests to the contrary, the single biggest factor explaining the underperformance of the active community in general, and hedge funds in particular, has been the ubiquitous influence of the Fed and other central banks over the […]

Man Who Advises Top Sovereign Wealth Funds In The World Says All Hell Is Going To Break Loose In 2017 And The Price Of Gold Will Skyrocket / April 12, 2017 On the heels of a wild start to the second quarter of the 2017 trading year, today King World News spoke with the man who advises the most prominent sovereign wealth funds, hedge funds, and institutional funds in the world. Michael Belkin:  “Everything leads to gold (in 2017).  Gold is the undiscovered […]

Fed’s Kaplan Warns Trump “US Too Levered To Use Debt For Growth” / by Tyler Durden / Apr 12, 2017 11:21 AM Federal Reserve Bank of Dallas President Robert Kaplan had lots to say this morning that, for now, the market has chosen to ignore. He warned “we are highly leveraged” implicitly warning President Trump that the country’s ability to boost growth through debt is limited.   Speaking in […]

“Secular Low in Bond Yields Remains in the Future” says Hoisington’s Lacy Hunt / Mike “Mish” Shedlock / April 12, 2017 With the Fed having hiked thrice and calling for three more hikes still, the 2017 Hoisington First Quarter Review contains a call that will have many if not most analysts shaking their heads: “The secular low in bond yields remains in the future, not the past,” says Lacy Hunt. […]