FOMC Statement: Reading Between The Lines

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“No more rate hikes period…rate cuts to begin sometime this spring…tapering the balance sheet taper starting in May…QT ends in September even though our balance sheet has only been reduced by roughly 10% of the amount of money we printed…Quantitative Easing  aka “money printing” to resume in October…our hidden dot plot shows that you should… Read More

The Neutered Fed Is Politically Trapped

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Everyone now knows that the only meaningful goal of Fed policy is propping up the world’s greatest credit-asset bubble. In this era of fake news and deep-fake digital recordings and images, it’s important to use unedited images. With this firmly in mind, here is an unedited photo of Federal Reserve Chair Jay Powell and former Fed Chairs Janet Yellen and… Read More

Remember This Friday The 13th – Americans Are More Optimistic About The Stock Market Than They Have Ever Been Before

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Happy days are here again for the U.S. economy – at least temporarily. On Friday, U.S. stocks hit another brand new record high. It seems like we are saying that almost every day lately, and most investors are absolutely thrilled by this seemingly endless surge. Global stocks are surging too – today world stocks hit a new record high for the 4th consecutive day in a row. But of course it isn’t just stock prices that are rising. As the week ended, pretty much everything was up, and we also got some good news about consumer sentiment. According to the new University of Michigan survey that was just released, U.S. consumers are the most optimistic about the economy that they have been since 2004…
The consumer sentiment index, a survey of consumers by The University of Michigan, rose to 101.1 in October, far ahead of the 95 economists polled by Reuters anticipated.
“Consumer sentiment surged in early October, reaching its highest level since the start of 2004,” Richard Curtin, chief econ..