Tag Archives: banks

  • Blog

    Market Update: How Wall Street Is Swindling Us

    It's a casino designed to take our money
    by Adam Taggart

    Friday, July 17, 2020, 10:29 AM


    Stop me if you’ve heard this one before. GDP falls -35%, the worst quarterly drop in the history of the US economy….and the Too Big To Fail banks make record revenues:   Got that? Over 50 million Americans have lost their jobs as a result of the economic carnage inflicted by the covid-19 pandemic. And…

    Read More »

  • Insider

    Off The Cuff: The Fed’s ‘Complicated Mess’

    Dwindling options and a sickening repo market
    by Adam Taggart

    Friday, December 13, 2019, 8:50 AM


    This week Chris sat down with Peak Prosperity’s favorite expert on the Federal Reserve, Axel Merk, to try to make sense of what’s going on with Fed policy.

    We’re rushing this podcast to you before the transcript is ready as the situation is so fluid this week. In the 48 hours since the recording of this interview, the Fed has announced it will keep interest rates unchanged for the time being, but will begin a massive increase to its rescue efforts in the repo market, committing to injecting $425 billion over the near future.

    That is a truly staggering sum and a clear sign of trouble in the banking system. Most likely, one or more big players are failing and, as a result, banks are becoming increasingly reluctant to lend to one another, even for very short durations.

    What does this all portend? Listen on…

    Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.

    Enroll Now
    Or Sign In with your enrolled account.

    Read More »

  • Blog

    The Federal Reserve Is Directly Monetizing US Debt

    In a very real way, MMT is already here
    by Chris Martenson

    Friday, November 15, 2019, 3:30 PM


    The Federal Reserve is now directly monetizing US federal debt.

    Sure, it’s not admitting to this. And it’s using several technical jinks and jives to offer a pretense that things are otherwise.

    But it’s not terribly difficult to predict what’s going to happen next: the Federal Reserve will drop the secrecy and start buying US debt openly.

    At a time, mind you, when US fiscal deficits are exploding and foreign buyers are heading for the exits.

    Read More »

  • Insider

    Off The Cuff: Understanding The Trouble With Repo Rates

    Is a liquidity crisis brewing?
    by Adam Taggart

    Friday, September 20, 2019, 7:10 PM


    In this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:

    • What is the repo rate?
    • Why did the rate suddenly skyrocket?
    • Why a liquidity crisis is so dangerous
    • Will the Fed really start up QE again?

    Something completely unexpected happened this week. Banks started running out of cash reserves. As a result, the cost for them to borrow money overnight — the repo rate — suddenly skyrocketed, taking the banking system and the Federal Reserve by surprise.

    While the situation appears under control for now, it is not a good sign nor a healthy one for the financial system.

    Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.

    Enroll Now
    Or Sign In with your enrolled account.

    Read More »

  • Blog
    Getty images

    Is This Downturn A Repeat of 2008?

    Crashes differ, so be cautious about your assumptions
    by charleshughsmith

    Monday, January 7, 2019, 9:50 AM


    Are we in a repeat of the global financial meltdown and recession of 2008-09? The sharp drop in equities is certainly reminiscent of 2008. Indeed, the December decline is the worst in a decade. Or are we entering a different kind of recession, the equivalent of uncharted waters?

    And if we are entering a recession, what can central banks and governments do to ease the financial pain and damage? We can’t be sure of much, but we can be relatively confident central banks and states will respond to the cries to “do something.”  This poses two questions: what actions can central banks/states take, and will those policies work or will they backfire and make the recession worse?

    Read More »

  • Daily Digest
    Image by tolomea, Flickr Creative Commons

    Daily Digest 1/2 – The Science Of Loneliness, Stop Reading What Facebook Tells You To Read

    by DailyDigest

    Tuesday, January 2, 2018, 5:56 PM

    • The Science Of Loneliness
    • The dark side of your $5 Footlong: Business owners say it could bite them
    • These Will Be the Big Stories of 2018
    • Stop reading what Facebook tells you to read
    • Too much screening has misled us about real cancer risk factors, experts say
    • Why American doctors keep doing expensive procedures that don’t work
    • It's Time For Innovators To Take Responsibility For Their Creations
    • Americans Will Eat a Record Amount of Meat in 2018

    Read More »

  • Blog


    The pervasive & defining crime of our age
    by Chris Martenson

    Saturday, October 7, 2017, 12:35 AM


    Let me apologize in advance for what may be an upsetting piece of writing for some of you. If you're in a state of shock or exhaustion from recent events, perhaps you should skip this one.

    I don't offer this analysis in order to further distress anyone — but until you understand what is happening and how that influences your psychological state, you'll remain the emotional equivalent of a rag doll shaken to-and-fro by events.

    Such understanding may not bring you to a place of calm acceptance. But it will set you free.

    Read More »

  • Blog

    What To Do With Your Cash?

    Is it folly to hold cash right now? Or brilliant?
    by Adam Taggart

    Saturday, July 22, 2017, 4:19 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 »