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The Fed is going scorched earth on deflation in the housing market. The Federal Reserve has never intervened so forcefully in the economy. But in the process, it’s fueling the greatest of all time asset bubbles. Someone bulldoze the statue in the Lincoln Memorial and put Federal Reserve Chair
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The Fed’s market intervention is exacerbating wealth inequality. The central bank’s cash injections have driven stock prices higher. As the wealthiest households own the majority of stocks, their wealth has increased while the poor have less money. In an ideal world, the Federal Reserve’s interventions would help those who
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Morgan Creek Digital co-founder and partner, Anthony Pompliano, expressed his view that the U.S. Federal Reserve may not quite be what it seems. His statement came in response to Robert Kiyosaki’s own claims about the Federal Reserve. “Robert's belief that the Federal Reserve is not a bank, not federal, and
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On Sunday, the U.S. Federal Reserve slashed the benchmark short-term rate by 100 basis points bringing it to zero. In addition to
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The Federal Reserve enacted an emergency rate cut Tuesday morning, triggering a volatile pump-and-dump in the stock market. Bank stocks were disproportionately affected over fears that plunging interest rates would eat away at margins. Rates are destined to return to zero so you shouldn’t believe the Fed when it
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Bitcoin prices slid Tuesday after the U.S. Federal Reserve announced an emergency cut in interest rates to counteract risks to the economy from the spreading coronavirus. The largest cryptocurrency by market value was down 2.2 percent to $8,722 as of 15:28 UTC (10:28 a.m. ET). Prices had surged 4.6 percent on
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It has been a turbulent past few weeks for virtually every major market across the globe, with Coronavirus fears sparking an intense selloff that sent the Dow Jones, Gold, and Bitcoin all reeling lower in tandem.This correlation has shown no signs of slowing down, as the Fed just announced a
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The U.S. stock market looks set to extend yesterday’s record-breaking recovery. Trump twisted the Fed’s arm, urging Powell to support the economy in the wake of coronavirus panic. But a G7 statement today is expected to stop short of recommending co-ordinated easing attempts. The Dow Jones notched up its
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Both the S&P 500 and Dow Jones are attempting to rebound after a brutal selloff last week. The Fed is very likely to aggressively cut rates to support the stock markets. The rate cuts may inspire an immediate bounce but the long-term impact of the virus on the economy
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The U.S. stock market fell again on Friday after the WHO raised its threat level on the coronavirus (COVID-19) to “very high” and flirted with “pandemic” terminology. Briefly boosting a shaky Dow Jones, Fed Chair Jerome Powell spoke this afternoon. A cataclysmic drop in Boeing shares did much of
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