Independent thinking for complex markets and current events
Gold looks to be getting ready to blaze through this historic resistance and move substantially higher. A surge in the metal price will likely mark the beginning of a new gold cycle that should be accompanied by a much-awaited influx of capital into the mining industry. pic.twitter.com/iKgOX71NZv — Otavio (Tavi) Costa (@TaviCosta) June 17, 2023 …
by confoundedinterest17 Biden’s “reign of error” is horrific. The inflation caused by Biden’s policies, The Federal Reserve and insane Federal spending has caused mortgage rates to soar 144% since Biden took office. While The Fed is likely to pause today, but Fed Funds are pricing in a July rate hike. Banks are not going to …
by confoundedinterest17 Don’t kid yourself. The talking heads at The Federal Reserve (more like Feral Reserve) are only about halfway there in terms of rate hikes. There is still over $8 trillion in monetary stimulus sloshing around the economy. The Taylor Rule implies a target rate of 10.12% while the current target rate is just over half that rate at 5.25%. A little over halfway there and The Fed is likely to pause rate hikes. Of …
by okie1 New data just came in. Use of fed’s liquidity facilities declined again: View post on imgur.com This is where the money was coming from to create the demand for T bills, which is what was bringing rates down at the lower end of the yield curve. T bills are a cash equivalent that …