Protect Your Future Today
If you’re one of those people who trusts that the people at the top know what they’re doing and have things under control, you might want to stop now, because it’s becoming abundantly clear that they don’t know what they’re doing. That’s particularly true within the Federal Reserve System,...
The last couple of weeks have seen an unprecedented amount of Federal Reserve intervention in financial markets. Just to recap, here’s what the Fed had already done as of last Friday: Pledged up to $5.5 trillion in repo market liquidity; Cut its target federal funds rate to zero; Promised...
We’ve been warning about an oncoming financial crisis for a while now. The fact that a financial crisis would occur was all but inevitable, given the massive bubble blown by the Federal Reserve’s extraordinarily loose monetary policy over the last 12 years. But despite the numerous warning signs that...
The raft of Federal Reserve actions to bail out Wall Street had many people thinking that we’re going back to the days of 2008, when big banks got bailed out while the little people were forced to suffer. Major banks received trillions of dollars worth of federal assistance to...
The bad news just keeps getting worse and worse. After a 100-basis point rate cut and $700 billion in quantitative easing, the Federal Reserve has announced that it is opening up a new Commercial Paper Funding Facility (CPFF) to provide a bailout of commercial paper markets. The new special...
Another Fed move, another day of collapsing stock markets. The Federal Reserve on Sunday evening announced its third consecutive unscheduled monetary policy move, making a 100-basis point cut to its target federal funds rate, cutting to a level of 0.00-0.25%. So after only a couple of years in which...
Last week the Federal Reserve made waves in markets by announcing that it would immediately offer $1.5 trillion in funding for repo markets. While that made for a nice stock market bounce in the immediate aftermath of the announcement, it couldn’t keep stock markets from losing the most points...
The bad news just keeps getting worse for investors, as stock markets continue their slide. The Dow Jones lost 10% today, dropping over 2,350 points to end the day. Not even an unprecedented monetary policy action by the Fed was able to stop the loss, so investors who are...
After last night’s Democratic primaries, things aren’t looking so hot for Bernie Sanders, once the presumptive nominee for the Democratic Presidential nomination. Joe Biden currently leads Sanders in the delegate race, about 860 to 710. That’s not an insurmountable lead, but the change in momentum that occurred after Super...
If you thought the last two weeks were bad for stocks, they just went from bad to worse. The Dow Jones dropped almost 1,900 points to start the day, an over 7% drop. The S&P 500 dropped 7% too, triggering the New York Stock Exchange’s first circuit breaker, the...