How it Sounds When Fed Doves Cry
In a swift 180-degree policy reversal during Wednesday’s FOMC announcement, Fed Chairman Jay Powell said the case for higher U.S. interest rates had “weakened,” when just last month the Fed raised rates and sig...
It’s Not Over, Folks! A Bear Market Technical Analysis
The Federal Reserve may have driven itself into a dead end of a one-and-done interest rate hike in Dec. 2018, and they are holding their noses (see Porky Pig) over the stench of a 20% correction in the stock ma...
Spoofing the Gold and Silver Ambulance Chasers – Part 2
I received a lot of heat from trolls on various social platforms after publishing Spoofing the Gold and Silver Ambulance Chasers Part 1. I suspect this time will be no different. Maybe we will have a Part 3 at ...
Goldilocks Recession is Right Around the Curve
On the heels of the DOW plunging 800 points today on concerns over an economic slowdown, the bond market has been wagering on a recession by pricing in interest rate cuts that usually accompany a downturn. A fl...
The Fed is Still “Effectively Printing Money” – August 2018 TaperCaper Math
Quantitative Easing (QE) is money printing no matter how you slice and dice it. Most of our money (aka fiat currency) exists within an electronic medium today, with the exception of gold and silver in your hand...
A Snake Oil Economy and a Fox in the Hen House
Roughly 10 years ago, the great financial crisis began to show its colors, followed by 8 years of ZIRP and several rounds of QE. It has taken 2.5 years for the FOMC to raise interest rates back to the 1.75% to...
FedSpeak Jolts the Dow and S&P 500 Upward – The Charts Say?
The great TaperCaper continues, with a little Goldilocks tossed in for good measure. For a primer on what happened toward the end of the week, watch St. Louis Federal Reserve President James Bullard have a fan...
Yellen is Dancing With Bears in the Woods of Monetary Policy
Last week’s FOMC meeting is likely to be the lipstick on a pig moment. The TaperCaper will continue to its bitter conclusion unless some financial miracle occurs over the next few months, which is highly unlik...