Category: US Federal Reserve Bank
The analysis published under this category are as follows.Wednesday, May 21, 2014
Did U.S. Fed Launder $141 Billion Through Belgium to Hide Massive Increase In Quantitative Easing? / Interest-Rates / US Federal Reserve Bank
Did the Fed Take Drastic and Covert Action to Hide a Large Country Dumping U.S. Bonds?
That’s what former Assistant Treasury Secretary and Wall Street Journal editor Paul Craig Roberts alleges:
Read full article... Read full article...Is the Fed “tapering”? Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014?
Wednesday, May 14, 2014
The US Dollar’s Fragile Reserve Currency Status / Politics / US Federal Reserve Bank
Is the Fed “tapering”? Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries are unloading them.
From November 2013 through January 2014 Belgium with a GDP of $480 billion purchased $141.2 billion of US Treasury bonds.
Somehow Belgium came up with enough money to allocate during a 3-month period 29 percent of its annual GDP to the purchase of US Treasury bonds.
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Wednesday, May 14, 2014
How the Government and the Fed are Looting Your Accumulated Wealth / Stock-Markets / US Federal Reserve Bank
Greetings,
We have just obtained an engaging -- and perhaps even an enraging -- new report that chronicles 200 years of ineptitude, 100 years of theft and failure, and 50 years of economic regression by the Fed and the U.S. government -- committed against YOU.
The government and the quasi-governmental bank, the U.S. Federal Reserve, do not want you to read this report we are about to share with you, because it uncovers the devastating impact they have had on the nation's money (YOUR money), as well as the U.S. economy and financial markets.
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Tuesday, May 13, 2014
Prechter Slams the Fed, Pulls Back Curtain on 200 Years of Government Ineptitude / Stock-Markets / US Federal Reserve Bank
Recently, Barron's included an article from Robert Prechter, founder of Elliott Wave International (EWI), the world's largest financial forecasting firm. It was adapted from a recent issue of Prechter's Elliott Wave Theorist, the investment letter the famed market forecaster has published every month since 1979.
Part monetary history lesson, part big-picture market forecast, the full report -- Barron's published only part of it -- uncovers "200 Years of Ineptitude, 100 Years of Theft and Failure, and 50 Years of Economic Regression."
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Tuesday, May 13, 2014
Yellen’s Wand Is Running Low on Magic / Economics / US Federal Reserve Bank
By Doug French, Contributing Editor
How important is housing to the American economy?
If a 2011 SMU paper entitled "Housing's Contribution to Gross Domestic Product (GDP) quot; is right, nothing moves the economic needle like housing. It accounts for 17% to 18% of GDP.
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Friday, April 04, 2014
The Fed Desecrates The U.S. Constitution / Politics / US Federal Reserve Bank
An amusing discussion is firing up ever more about what the ECB should do in the face of a – perceived or not – deflation threat. Many voices are clamoring for immediate action, claiming Mario Draghi et al may well already be too late, or even use words like “the spectacular idiocy of EMU policy”, as Ambrose Evans Pritchard does, who’s been on the topic for a very long time. IMF’s Christine Lagarde is a little less impolite and says: “More monetary easing, including through unconventional measures, is needed in the euro area.” Draghi yesterday showed an unexpected sense of humor when he responded to Lagarde: “The IMF has been very generous in its suggestions on what we should do.”
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Thursday, April 03, 2014
What to Expect From Janet Yellen / Politics / US Federal Reserve Bank
Patrick Barron writes: No change.
Oh, you want more? Groucho Marx used to tell a joke on himself that “I wouldn’t want to belong to any club that would admit me as a member.” That pretty much sums up why we shouldn’t expect much from the new chairman of the Federal Reserve System. This administration and this Congress will never admit anyone that is not of the Keynesian-School-of-economics persuasion. As long as this mentality resides in the political halls of power, our nation will not get another Paul Volcker.
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Wednesday, April 02, 2014
Janet Yellen Is Destined To Be The Best Fed Chairman Of All Time / Politics / US Federal Reserve Bank
Janet Yellen has only been Chairman of the Federal Reserve for less than two months and I am already convinced that she is the best thing to happen since Barack O'Bomber was first elected and awarded the Nobel Peace Prize.
There are a number of reasons for that.
First, as we can see by her speech yesterday she is going to be a laugh riot. And, secondly, all of her actions will undoubtedly, indisuptably destroy the dollar... And, of course, we dollar vigilantes have prime seats and are positioned to profit from that inevitability. We thought Helicopter Ben was a literal gold mine but Janet Yellen will easily surpass him as a great source of mockery and profitability.
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Sunday, March 30, 2014
The Fed is Beginning to Freak Out About Bubbles / Politics / US Federal Reserve Bank
As we noted earlier this week, the Fed is growing increasingly concerned of a bubble forming in the financial markets. Previously we noted that Janet Yellen was concerned about another bubble forming.
Now St Louis Fed President James Bullard is saying the same thing.
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Tuesday, March 25, 2014
Is Ben Bernanke Worth $250k Per Speech? / Politics / US Federal Reserve Bank
“Bernanke Enjoys the ‘Fruits of the Free Market,’” or so we’re told in a Reuters headline from March 4 about the former Fed chairman’s 40-minute speech in Abu Dhabi for which he received, ahem, $250,000. In the Reuters author’s defense, he was only quoting a DC lobbyist who was defending the amount, and added, Bernanke “will personally experience supply and demand.”
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Monday, March 24, 2014
Message to the U.S. Fed: Here Are a Few Things That You Can’t Do / Interest-Rates / US Federal Reserve Bank
[A]sset purchases are not on a preset course, and the Committee’s decisions about their pace will remain contingent on the Committee’s outlook for the labor market and inflation as well as its assessment of the likely efficacy and costs of such purchases. -March 19 FOMC statement
The excerpt above or some variation has appeared in every one of the Fed’s post-FOMC meeting statements since the beginning of QE3 in September 2012.
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Monday, March 24, 2014
Bernanke Exit, Yellen Entry - Federal Reserve Continuity of Committing Fraud / Politics / US Federal Reserve Bank
There has been lot of commentary about the transition at the head of the Federal Reserve. During the past four months, Janet Yellen has appeared for confirmation hearing, testimony to the Congress, and a Q&A session following her first meeting as the Chairperson of the Fed.
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Friday, March 07, 2014
Did Today’s Flow of Funds Report Predict the Fed’s Next Confession? / Politics / US Federal Reserve Bank
In return for speaking fees reported to be “at least” $250,000, Ben Bernanke confessed a few of the Fed’s missteps while speaking to guests of the National Bank of Abu Dhabi on Tuesday:
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Thursday, March 06, 2014
Janet Yellen Another Go / Interest-Rates / US Federal Reserve Bank
Advocates for Federal Reserve disclosure harp on the five-year wait for FOMC transcripts. The reasoning goes that institutions in a democracy should be more democratic: let the people know what the Fed plots behind closed doors. The question arises: to what end?
The 2008 transcripts were released in late-February. Most media operations published stories about the Fed's absent-minded professors who missed the importance of failing financial institutions during 2008. This was not news. That has been described over the past five years, among other places, in Panderer to Power. The release, however, was an opportunity to remind investors, retirees, florists, and students receiving government financing of their precarious state.
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Wednesday, February 26, 2014
Those FOMC Transcripts: Watch Out Below / Politics / US Federal Reserve Bank
The Federal Reserve releases transcripts of FOMC (Federal Open Market Committee) meetings after a five-year wait. The 2008 transcripts were made public late, last week. The FOMC is the monetary policymaking body within the Federal Reserve System. Having read at least 10 years of transcripts when writing about Greenspan and his Fed, there is a lingering question of what might have been redacted before the public release as well as what might be said outside the boardroom so as to escape transcription. Every once in awhile some forward-thinking FOMC attendee (a rarity, to be sure) will remind the mob: "Remember, that comment will be public in five years."
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Tuesday, February 25, 2014
Bernanke’s Legacy - Good for Bankers, Bad for Anyone Who Wants to Retire / Stock-Markets / US Federal Reserve Bank
"Mr. Bernanke, on the way out, don't let the door hit ya, where the good Lord split ya!" That's what I've imagined my former coworker Charley—a brilliant Alabamian who was proud to be called a redneck—might have said as the former Fed chairman stepped down.
In case you missed it, here's Bernanke's highlight reel:
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Tuesday, February 25, 2014
How to Profit from the Yellen Fed / Stock-Markets / US Federal Reserve Bank
Janet Yellen might have the most powerful job in the world, as the Federal Reserve (Fed) she now chairs controls what may be the world’s most powerful printing press. We take a closer look at what her reign might mean for investors’ portfolios.
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Monday, February 17, 2014
At The Fed, The More Things Change, The More They Stay The Same / Politics / US Federal Reserve Bank
Last week, Federal Reserve Chairman Janet Yellen testified before Congress for the first time since replacing Ben Bernanke at the beginning of the month. Her testimony confirmed what many of us suspected, that interventionist Keynesian policies at the Federal Reserve are well-entrenched and far from over. Mrs. Yellen practically bent over backwards to reassure Wall Street that the Fed would continue its accommodative monetary policy well into any new economic recovery. The same monetary policy that got us into this mess will remain in place until the next crisis hits.
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Wednesday, February 12, 2014
Strength of Yellen's leadership crucial to success of Fed Taper / Interest-Rates / US Federal Reserve Bank
Janet Yellen delivered a flawless performance in her first Humphrey Hawkins testimony as US Federal Reserve Chairwoman, but that performance may mask a weak leadership and that could have grave consequences for the tapering of the Fed's bond purchases.
At stake is the 'smooth' winding down of the Fed's quantitative easing programme – the biggest and boldest monetary stimulus in history. Emerging market wobbles aside, the exit hasn't been nearly as disruptive as it could have been, though it is still in the early stages.
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Tuesday, February 11, 2014
No Honeymoon for Janet Yellen / Interest-Rates / US Federal Reserve Bank
On Janet Yellen’s first day on the job as Fed Chair, the Dow Jones Industrial Average dropped 326 points; 10-year Treasury yields fell to a mere 2.58%. While a day does not set a trend, let alone create a legacy, there is no honeymoon for Janet Yellen. Volatility, seemingly absent in 2013, is back, with major implications for investors’ portfolios.
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