Fed

Jessica Silver-Greenberg and Ben Protess have written an extraordinarily important column for the New York Times about embedded examiners at JP Morgan.  http://www.nytimes.com/2012/05/26/business/regulators-role-at-jpmorgan-scrutinized.html?_r=2&hp Embedded examiners are federal...

It feels as though the market went from discussing a Greek exit as a very unlikely event to now the most likely endgame for Europe. The question is, what would a Greek exit actually look like and how would it play out? The answer can be seen in the way that the US authorities, along with other...

Courtesy of Lee Adler of the Wall Street Examiner The Industrial Production news today reminds me of a story. It’s a story that shows just how the Fed’s manipulation drives both the stock market and the 'conomy. It’s also a story of the twisted personalities behind the...

Going forward into May there are several key astrological events that could have an impact on the markets, creating more downside pressure. In Mid-March there was a very powerful grand trine that helped to propel the markets to a new high on April 2nd. The planets Jupiter and Venus conjoin in...

    The CEO of Remax, Margaret Kelly, said on CNBC in October of 2007 that it was a “Perfect Time to Buy”. Jim Cramer blew the trumpet call for housing bulls on CNBC  in 2009 and a calvary of housing bulls rode up to join them in 2010 and 2011. They and a host of others led the charge on their...

The gold futures took a huge dive earlier today after the Fed chairman, Ben Bernanke's, congressional testimony. Bernanke did not give any signals that the Fed would be considering any new easing to accelerate the economic growth in the United States, which sent the U.S. dollar and PowerShares DB...

The New York Federal Reserve purchased $2.541 billion in U.S. Treasury debt during its permanent open market operations (POMO) today as part of its Operation Twist program. Dealers submitted $6.542 billion worth of debt, with the government receiving almost three bids for every one it accepted....

If you told me that Ben Bernanke was a robot, sent from the future to destroy the United States, I would probably believe you. Then again, I expect robots from the future would be competent, which all but excludes Bernanke from consideration. If you followed the Federal Open Market Committee's...

The New York Federal Reserve purchased $1.72 billion in U.S. Treasury debt during its permanent open market operations (POMO) today as part of its Operation Twist program. Dealers submitted $7.697 billion worth of debt, with the government receiving almost four bids for every one it accepted....

What do we have here? "We can't rely on monetary policy. We can't solve the international imbalances with monetary policy, but people don't know that yet," warned Hoenig, who oversees banks in Colorado, which is part of the Fed's 10th District based in Kansas City, Mo. The core problem is that...