Everyone used to laugh at the Bank of Japan (BoJ) for being the largest stakeholder on the Nikkei. Wall Street said that could never happen in the United States. Well, here we are. The Federal Reserve is now officially a top-five holder of corporate bond exchange-traded funds (ETFs). From Zero Hedge: “While the Fed’s own […]
Federal Reserve
Federal Reserve’s Neel Kashkari: Headline unemployment rate is deeply flawed
Well, here is something that any contrarian can say “I told you so.” Federal Reserve Bank of Minneapolis President Neel Kashkari stated that the headline unemployment rate is deeply flawed as a measurement of joblessness. You think? “It’s not clear that something like black unemployment rate could be targeted to improve racial equity but the […]
MONEY PRINTER GO BRRR: Central banks will bring the world economic stagnation
By: Sam Peterman “Our country continues to face a difficult and challenging time….People have lost loved ones. Many millions have lost their jobs. There is great uncertainty about the future. At the Federal Reserve, we are strongly committed to using our tools to do whatever we can, for as long as it takes…to ensure that […]
Federal Reserve balance sheet unexpectedly shrinks, stock market slumps
By: Andrew Moran For the last three months, U.S. central bankers have submerged themselves in the vaults of the Eccles Building and printed Federal Reserve Notes like bootleggers’ cheap hooch during Prohibition. The Fed has been aggressively expanding its unprecedented eternal quantitative easing putsch, but something strange happened on the way to the printing press repair […]
Bank deposits spike $2 trillion this year amid coronavirus pandemic
Do central banks want further proof ZIRPs or NIRPs do not encourage consumers to spend more than they already do? We saw this in Europe, and now it seems ZIRP is doing the opposite of what the central bankers want in the United States. According to Federal Deposit Insurance Corporation (FDIC) data, more than $2 […]