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Tag Archives: Jerome Powell

  • Blog

    Overdosing On Crazy Pills

    If you think everything's OK, you're nuts
    by Chris Martenson

    Friday, July 26, 2019, 3:49 PM

    82

    If you prefer to listen to this article, read by its author Chris Martenson, click the player here below: ___________________________________________________________________________________ Sometimes an otherwise-forgettable movie will be lifted up out of obscurity by the internet and made into a useful meme. In the movie Zoolander Will Ferrell’s character, ‘Jacobim Mugatu,’ screams the line “I feel like…

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  • Insider
    Federal Reserve

    Off The Cuff: Decoding This Week’s Fed Minutes

    Could the US really eventually see negative interest rates?
    by Adam Taggart

    Friday, June 21, 2019, 2:24 PM

    0

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

    • Decoding The Fed’s Latest Commentary
      • Cuts are coming = expect more bad news on the economy
    • The Uncertainty Principle
      • By reacting, the Fed may be creating the conditions it wants to avoid
    • Gold Looking Good
      • Lower real rates will push the gold price higher
    • How Low Will Interest Rates Go?
      • Could the US really go negative?

    This week  both the ECB and the Federal Reserve gave the market the soothing words it wanted to hear: any weakness will be met with rate cuts. And perhaps revived asset purchase programs.

    Is this really wise with interest rates already so low and a global recession unfolding? And how low, really, is the Fed prepared to go with US interest rates? Axel, who maintains a dialog with Fed insiders, does his best in this week’s podcast to decode what Mario Draghi and Jerome Powell are planning.

    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.

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  • Blog

    Hair-Trigger Markets

    Bull market liftoff? Or bear rally rollover?
    by Adam Taggart

    Saturday, March 16, 2019, 10:33 PM

    4

    The market looks very much paused at the brink of a breakout here. The question is: up or down?

    The bulls are expecting a sharp rebound in GDP from Q1, which they claim was artificially low due the government shutdown. They point to 2018's solid 3% economic growth, claiming the US is humming along fine and about to get a shot of adrenaline once America and China announce an end to their trade war. In their eyes, the S&P is poised to rocket higher once it punches vigorously above 2820.

    The bears see a topping out of a classic bear market rally, one that has been propelled by no convincing fundamentals — only central bank jawboning/easing and continued massive buyback programs (plus this week's rare Quad Witch options expiration). They see an extremely overbought market, with stocks ready to break down to new lows for the year.

    Which way will thing break?

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  • Blog
    Peak Prosperity

    VIDEO: The Fed Stooges

    Laughing (and crying) at the recent '60 Minutes' interview
    by Adam Taggart

    Tuesday, March 12, 2019, 6:39 PM

    2

    On Sunday night, 60 Minutes treated the American public to a sit-down interview with the current Federal Reserve chairman and his two immediate predecessors.

    Hilarity ensued.

    Not really…unless you enjoy gallows humor.

    In the below video, Chris explains why this relatively gentle puff-piece assisting the Fed's hawking of its “All is well!” message is an intentional soporific, designed to keep the populace slumbering in ignorance of the extreme danger reckless central bank monetary policy has placed society in.

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  • Insider

    The 8 Systemic Failure Points Of The Global Economy

    The macroeconomic fault lines to monitor closely
    by charleshughsmith

    Friday, January 4, 2019, 7:06 PM

    22

    Executive Summary

    • The 8 Systemic Failure Points Of The Global Economy
    • Why The US May Weather The Next Collapse Better Than The Rest Of The World
    • The Fed's Long Game
    • Why Allowing Recession Now May Be A Policy Goal

    If you have not yet read Part 1: Is This Downturn a Repeat of 2008?, available free to all readers, please click here to read it first.

    In Part 1, we concluded the current global downturn isn’t a repeat of the 2008 global crisis; rather, it has characteristics of three types of recession: liquidity/currency mismatches, the popping of credit-asset bubbles and a business-cycle exhaustion of credit impulse, what I call a credit-demand exhaustion.

    Let’s add a potential fourth recessionary impulse: energy. Right now the world’s oil importers are feasting on a 40% decline in the cost of oil, but as Chris and other analysts (Gail Tverberg, Richard Heinberg, and Nate Hagens) have explained, we’re approaching a point where the cost of extracting, processing and distributing oil is rising as the cheap oil has been consumed.  Producers need high prices or they will stop producing. But consumers, the vast majority of whom have stagnant incomes, can’t afford high energy costs.  Beyond a rather low price point, higher energy costs trigger a recession.

    This may not be driving the current downturn, but it looms large in the background.  I see the current collapse in oil prices as a head-fake: the sharp drop makes it appear oil is abundant, but this abundance is temporary, not permanent.

    Moreover, we aren’t privy to the opinions and machinations within the world’s major central banks, but it’s clear that the U.S. Federal Reserve is diverging from other central banks, which remain accommodative while the Fed raises rates and reduces its balance sheet by $30 billion a month.

    Of the four primary central banks—the European Central Bank, the Bank of Japan, the Bank of China and the Fed—why is the Fed the one bank diverging from the other three, despite the appeals of the ECB to remain accommodative?

    I see several reasons, and the first is…

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  • Daily Digest
    Image by swampt01, Flickr Creative Commons

    Daily Digest 12/18 – Venezuela Inflation Rate Passes 1,000,000%, Would Human Extinction Be A Tragedy?

    by DailyDigest

    Tuesday, December 18, 2018, 2:20 PM

    14
    • Trump and China: Towards a Cold or Hot War?
    • UK's May says rescheduling Brexit vote in parliament for mid-Jan
    • Venezuela Inflation Rate Passes 1 Million Percent, and It’s Costing Lives Every Day: This Is What Devastating Hyperinflation Looks Like 
    • Iraq’s Post-ISIS Campaign of Revenge
    • Reports show Russia mounted sweeping effort to sow divisions, support Trump
    • China’s Bizarre Program to Keep Activists in Check
    • Homelessness Rises Slightly Despite Strong Economy, Federal Report Finds
    • The Curbside Chat: Charles Marohn of Strong Towns on Building Better Places
    • The World's Most Controversial Coal Mine Is Set to Break Ground
    • Opinion: Would Human Extinction Be A Tragedy?
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  • Daily Prep
    youtube.com/watch?v=TOxKdtZwHMM

    How To Choose The Right Size Fiskars Axe

    Selecting the right tool for you
    by Jason Wiskerchen

    Wednesday, November 28, 2018, 4:01 AM

    0

    A quick and informative video on how to choose the right Fiskars splitting axe for your size and strength. Bigger is not always better.  Happy chopping.

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  • Daily Digest
    Image by trindade.joao, Flickr Creative Commons

    Daily Digest 10/31 – IL Public Pensions Costing Taxpayers, Australian Debt Levels Rated Riskiest In The World

    by DailyDigest

    Wednesday, October 31, 2018, 2:17 PM

    7
    • More California cops and firefighters are paying for their pensions. Is it too late?
    • Reports: Growing number of $100,000-plus public pensions in Illinois cost taxpayers
    • India considers IL&FS sale among options to end debt crunch
    • Italy's debt costs rise further at auction
    • Australians face $700b wealth wipe-out as debt levels rated riskiest in the world: Morgan Stanley
    • Treasury Sees 2018 Borrowing Needs Surging to $1.34 Trillion
    • UK budget doesn't alter view of high public debt: Moody's
    • Whopping 62 percent of jobs don't support middle-class life after accounting for cost of living
    • Debt Alarm Ringing
    • Treasury Sees 2018 Borrowing Needs Surging to $1.34 Trillion

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  • Insider

    Off The Cuff: Hall Of Mirrors

    Our media is so distorted, where can you find truth?
    by Adam Taggart

    Friday, May 4, 2018, 2:39 PM

    3

    In this week's Off The Cuff podcast, Chris and James Howard Kunstler discuss a whole slew of topics I don't have time to summarize, as our 2018 seminar starts in an hour.

    Enjoy!

    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.
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  • Daily Digest
    Image by pasa47, Flickr Creative Commons

    Daily Digest 2/27 – Supreme Court Clashes Over Union Fees, How Much Money Do People Need To Be Happy?

    by DailyDigest

    Tuesday, February 27, 2018, 3:47 PM

    0
    • You Can Never Change Your Life Through Willpower. Here’s What Actually Works.
    • Supreme Court won't hear Trump bid to end DACA program
    • U.S. Supreme Court Justices Clash Over Mandatory Union Fees
    • The gun debate in Congress: From concealed-carry to the assault weapons ban
    • We May Soon Be Living In Alexa's World
    • An influential group of doctors says all teens should get screened for depression — here are some of the questions they ask
    • How much money do people need to be happy?
    • Venezuelan Oil Production Could Further Collapse On New U.S. Sanctions

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