Today will be a historic event for those of us who are both historians and economic geeks. The Federal Reserve Open Market Committee reveals the…
Posts tagged as “JAY POWELL”
Now you can panic. Just about 3 hours ago, I reported on the letter from the mid-sized banks to the FDCI basically asking for a…
I am standing by most of my December 31, 2022 prediction where I stated the following: -The Federal Reserve conducts a shocking 0.50% rate increase…
All is well, remain calm.
Despite the extraordinary actions by the Federal Reserve and FDIC last night, the idea that shareholders and bondholders will be wiped out due to this…
So steepening the yield curve probably isn’t such a hot idea even if it’s only 12 bps thus far: And the US Treasuries are watching…
The State of NY in coordination with the New York Federal Reserve has closed Signature Bank, the once free-wheeling crypto bank. From CNBC: Regulators close…
The headlines from the “financial” media were screaming loud and hot yesterday creating the type of panic and hyperbole unseen since the latter days of…
This is the first time I’ve listened to one of Jack Farley’s interviews and commentaries, so my readers will get a chance to hear this…
Silvergate goes Tango Uniform last night. Silicon Valley Bank is hanging on by its fingernails. Jay Powell claims he’s just doing his job. Maybe somebody…
Ummm, yeah, “it’s contained” or whatever. From the St. Louis Fed Economic Data, month over month percentage change in CPI-U not seasonally adjusted: So much…
Welcome to B.O.H.I.C.A day ladies and gents. I have not been offering commentary on the markets because the lack of logic in posting commentary on…
Gang, I’ve heard some seriously absurd points early on this year. For example: I’m old enough to remember when old Ed offered realistic appraisals of…
The Fed isn’t only trapped, it’s screwed. The US legislative branch, nor the Treasury will fulfill their duties to constrain monetary growth thus the onus…
And yes like the days of olden, the elder Chairman of the Fed shall climb to the mountain top and there he shall find and…