Independent thinking for complex markets and current events
Guest Post by Joseph P. Farrell via gizadeathstar.com We must, before doing or saying anything else in this blog, firstly thank W.G. for spotting and sharing these stories. The reason why is rather simple: because thus far the revolt of the states in passing state legislation recognizing gold and silver as money and legal tender, …
by Dismal-Jellyfish Reminder, while banks have the liquidity fairy, ‘we’ get the promise of 2 more rate hikes this year, Atlanta Fed President Raphael Bostic yet again enrichens himself inappropriately from his position. What I want to talk about tonight is something new–Commercial and Industrial Loans, All Commercial Banks. What are Commercial and Industrial Loans? Commercial and Industrial …
by Dismal-Jellyfish Liabilities and Capital Liabilities: Earnings Remittances Due to the U.S. Treasury -76.292 billion as of 7/5/2023. Let’s talk about the Fed’s cumulative losses, in fewer than 9 months, are GREATER (-76.292 billion, so far vs $76 billion) than what was remitted to the U.S. Treasury for ALL of 2022… https://fred.stlouisfed.org/series/RESPPLLOPNWW Remember, the Fed …
Musk, Zuckerberg Lead a $852 Billion Surge Among World’s Richest People “The world’s 500 richest people added $852 billion to their fortunes in the first half of 2023. Each member of the Bloomberg Billionaires Index made an average of $14 million per day over the past six months, according to data compiled by Bloomberg. It …
by BoatSurfer600 The U.S. national debt spiked by $851 billion since the debt ceiling was suspended a month ago on June 3, and now hit $32.32 trillion. This is just an amazing freak show. Source: wolfstreet Stocks would do well too as liquidity would explode. This is probably the easiest scenario for governments but it …
by Simian_Stacker The Fed’s balance sheet is right back where it was before the regional banks blew up.
by Dismal-Jellyfish Liabilities and Capital: Liabilities: Earnings Remittances Due to the U.S. Treasury -71.875 billion as of 6/21/2023. Let’s talk about the Fed’s cumulative losses in 9 months that equal almost as much (-71.875 billion vs $76 billion) that they remitted to the U.S. Treasury for ALL of 2022… https://fred.stlouisfed.org/series/RESPPLLOPNWW Remember, the Fed is …
by confoundedinterest17 Fed’s Powell to double down of hawish rate message. Or banks and consumers can expect no sugar tonight. Expect a hawkish Fed Chairman Jerome Powell to double down on the Fed’s commitment to vanquish inflation at his semiannual testimony before Congress on June 21-22. While the immediate audience will be lawmakers, the message will be …
by Simian_Stacker pic.twitter.com/mMlY5N4k2S — The Punisher (of Wall ST) (@GregCrennan) June 14, 2023 It's official! The S&P 500's (SP500) longest bear market since the 1940s has come to an end. The benchmark index closed up 0.6% to 4,294 on Thursday, vaulting it back into bull territory with a 20% advance from its October low….. go …
The fear of a US banking crisis has largely faded from market sentiment, but it seems there's a steady, low drumbeat of distress among some firms. The amount of money lent out under the Fed's emergency lending facility rose for a sixth straight week, remaining above $100 billion. pic.twitter.com/NPCTzVhbZI — Lisa Abramowicz (@lisaabramowicz1) June 15, …
The destruction of earnings power continues: Real (inflation-adjusted) earnings down for a 26th consecutive month. The longest stretch in US history by far (twice as long as the Global Financial Crisis), and represents 93% of Biden's tenure pic.twitter.com/wbDXqwz0ti — zerohedge (@zerohedge) June 13, 2023 Prices Increase Another 4 Percent CPI Tumbles To 2-Year Lows, But …
By Graham Summers, MBA There are two primary reasons why inflation has remained so persistent despite the Fed raising rates from 0.25% to 5.25% in the span of 14 months. 1) The Fed is using the wrong tools to end inflation. 2) The Federal Government continues COVID-19 emergency levels of spending. Today we’re going to …
https://wolfstreet.com/2023/06/01/feds-balance-sheet-plunged-by-348-billion-in-the-10-weeks-since-peak-bank-crisis-and-by-580-billion-since-qt-started/ “Total assets held by the Fed dropped by $50 billion in the week, to $8.38 trillion, down by $118 billion for the month and by $348 billion in the 10 weeks since peak-bank-crisis. Quantitative Tightening (QT) continued on track, and as the remaining bank liquidity support measures continued to unwind, according to the Fed’s …
