Fed

Podcast

Lightspring/Shuttestock

Brien Lundin: If They Don't Want You To Own It, You Probably Should

The wisdom (and challenges) of owning safe haven assets
Monday, August 14, 2017, 8:39 PM

One of the most perplexing mysteries to us is that right as the Federal Reserve embarked on QE3 -- which was a huge, enormous, $85 billion a month experiment -- commodities began a multiyear decline within two weeks of that announcement. Concurrently, the world’s central banks plunged the world into steeply negative real interest rates, a condition that has almost always resulted in booming commodity prices -- but not this time. Today, the ratio between commodity prices and equities is at one of, if not the most, extreme points in history.

To explain that gap, we talk this week with Brien Lundin, publisher of Gold Newsletter and producer of the New Orleans Investment Conference (where Chris and Adam are speaking on Oct 25-28): » Read more

Podcast

Alex J. Pollock: Insights From The Recent Congressional Hearing On The Fed

Finally, some lawmakers are becoming concerned
Monday, July 24, 2017, 2:43 PM

On June 28th 2017, the United States Congress held a hearing titled: “The Federal Reserve’s Impact on Main Street, Retirees and Savings.” If you haven't watched it yet, we highly recommend doing so.

Joining us for today's podcast is Alex J. Pollock, one of the experts who participated on that Congressional panel. In this discussion, he details out his assessments of the Fed's major transgressions against the interests of the general public. But perhaps more interestingly, he shares his observations from the hearing and how it struck him that many of the members of Congress that convened it appear to be growing increasingly concerned about the Fed's lack of accountability, as well as its potential fallibility. » Read more

Blog

What To Do With Your Cash?

Is it folly to hold cash right now? Or brilliant?
Saturday, July 22, 2017, 12:19 AM

Have you moved a material percentage of your financial portfolio to cash? Have you become so concerned about the meteoric ramp upwards in asset prices that you find it wiser instead to move to the sidelines, build "dry powder", and wait to re-enter the markets at saner valuations?

If so, you have my sympathies.

The past 5+ years have been brutal for savers pursuing this strategy. I know this well, as I'm one of those folks, too. » Read more

Insider

Off The Cuff: The Schizophrenic Fed

Rates are going higher. No they aren't. Yes they are. No...
Friday, July 14, 2017, 12:59 PM

In this week's Off The Cuff podcast, Chris and Axel Merk discuss:

  • No Rate Hike After All?
    • Yellen sings a dovish tune this week
  • Wait, Wasn't The Fed Just Warning It Would Tighten?
    • Yep. It was talking tough up until now
  • Why Can't The Fed Make Up It's Mind?
    • Because it's in a box. Jawboning is all it can do at this point
  • The Next Fed Head
    • A complete transformation may be in store soon

Chris and Axel unpack the latest guidance from the Fed issued this week. For those listening, the Fed's inconsistency is understandably infuriating. One week it's warning about tightening ahead, the next it's telling folks rates are just fine where they are.

Axel, who has more inside access to current & past Fed officials than anyone we know, feels that the Fed is simply trying to walk a tightrope it knows will one day snap. At this point, it's trapped. It needs to normalize rates, but doing so will crash the markets. So it's using the only tool it has -- confusion -- to keep the system fooled that everything is under control. Of course, one day the ruse will be discovered. But until then, the Fed will obfuscate, vacillate, prevaricate -- whatever it can do to keep the status quo in place for one more day...

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Insider

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The Time Thief

How the Fed steals from tomorrow (and today, too)
Wednesday, July 12, 2017, 10:14 PM

Recently, the Federal Reserve has been on a mission to boost stock prices and make sure that no financial crises ever happen again.

They’ve been doing this by explicitly propping up financial markets (and, I believe, suppressing others) in ways that enrich the speculator class generally, and the big banks specifically. » Read more

Insider

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Off The Cuff: No More Financial Crises "In Our Lifetime"

Did Janet Yellen really just say that???
Friday, June 30, 2017, 2:04 PM

In this week's Off The Cuff podcast, Chris discusses:

  • Market Jitters
    • What will happen if the central banks turn off the money?
  • No More Financial Crises "In Our Lifetime"
    • Did Janet Yellen really just say that???
  • Our States Are Falling Into Bankruptcy...
    • Illinois, Connecticut, Maine & more
  • While The Banks Get Even Fatter
    • Income from excess reserves to rise to $50 Trillion by 2019

This week, Chris takes a moment to share his thoughts in depth on where we are in the global debt saga. The overhang is getting worse, growth is not riding to the rescue as hoped, and the central banks are running out of both smoke and mirrors to keep the game continuing. Should the $200 billion monthly bonanza of central bank liquidity start decreasing -- as is now being increasingly discussed -- expect markets to go south quickly.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Featured Discussion

VIDEO: Congressional Hearing On The Fed

VIDEO: Congressional Hearing On The Fed

Very important points being raised (finally!) in this discussion. A must-watch event.

Insider

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Off The Cuff: The Approaching Minsky Moment

The world is unprepared for the reset heading our way
Wednesday, June 21, 2017, 9:00 PM

In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:

  • A Study In Failure Of The State
    • Chris shares his on-the-ground observations from So. America
  • It Can Happen Here
    • Mish shares his on-the-ground observations from Illinois
  • Virtually All The Macroeconomic Data Is Miserable
    • Yet the Fed & the markets are acting like everything's great
  • The Approaching Minsky Moment
    • It's a matter of if, not when

This week's Off The Cuff discussion is an interesting one. Both Chris and Mish have front-row seats to two failing governments -- Chris in Argentina, and Mish in Illinois. It feels to them like they are getting a preview of the economic pain soon to come to the rest of the world.

Both are *very* concerned that citizens and investors across the globe are being duped by the (lack of) signals and messages today's ""markets"" are providing. Looking at the steady drumbeat of bad & worsening macroeconomic data, as well as the immense gap between fundamentals and asset prices, Chris and Mish are as confident as they have ever been that a massive painful reset is nigh. But too many of our leaders, and too much of the public, remain complacent/ignorant (willfully or not) regarding this risk. 

Their conclusion? The world is woefully unprepared for the Minsky moment headed its way.

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today. » Read more

Blog

entrepreneur.com

The Pin To Pop This Mother Of All Bubbles?

A worsening shortfall in new credit creation
Friday, June 16, 2017, 7:23 PM

Global macro economic data has been weak for many years, but there’s now a very real chance of a world-wide recession happening in 2017.

Why? A dramatic and worsening shortfall in new credit creation. » Read more

Insider

Off The Cuff: What Today's Rate Hike Means

Another increase, plus a reduction of the balance sheet
Wednesday, June 14, 2017, 8:30 PM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • Unpacking Today's Rate Hike
    • What will the impact be?
  • When Is A Rate Hike Not A Rate Hike?
    • The Fed's hikes aren't really pulling liquidity out of the market
  • Every time The Fed Talks Gold Goes Down
    • Manipulation (for optics) is alive & well
  • Can The Fed Engineer A Soft Exit?
    • Hardly likely

Chris and John break down today's Fed announcement of a 0.25% rate hike, plus its presented schedule for starting to reduce it's $4.2 trillion balance sheet. 

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today. » Read more