Federal Reserve's Lockhart: Oil shock could lead to QE3
If oil prices continue to climb, it could force the Federal Reserve to make a new round of asset purchases, according to Atlanta Fed President Dennis Lockhart.
If oil prices continue to climb, it could force the Federal Reserve to make a new round of asset purchases, according to Atlanta Fed President Dennis Lockhart.
[[wysiwyg_imageupload:1862:]]By Christopher Laird
What happens when the USD falters badly in coming years?
As the US enters deflation, and gold rockets up, it’s time to ask what happens when the USD loses its haven status. The leading candidates to compete with the USD are supposedly the Euro and the Yuan.
Well, one thing that will confuse this situation is that the US enters deflation, while China enters inflation. The US has deflationary pressures due to the exploding US fiscal debt and the continuing housing crash, which has not slowed down.
By Fred Sheehan
The continued existence of the Federal Reserve System is both the greatest threat to national solvency and an insult to the American people.
On February 25, 2011, Federal Reserve Vice Chair Janet L. Yellen explored new depths of dishonor. (For an earlier depth, see: Liquidate the Fed.) At a University of Chicago Business School forum, the life-long academic claimed: "I'll highlight the role of central bank communications in bolstering the effectiveness of unconventional monetary policy." [All Yellen statements are in italics.] The title of Yellen's speech was: "Unconventional Monetary Policy and Central Bank Communications." It was dishonest from beginning to end.
In his latest note, Bill Gross wonders who will buy Treasuries when the Fed stops.
Bill Gross says stocks and bonds could be in for a world of hurt this summer.
By readtheticker
Hugh Hendry of Eclectica Asset Management and Gary Shilling of A Gary Shilling Company are bearish on China, and the world. We must pay respect to both of these market players as they have had an abundance of correct market calls in the past. Their opinions are contrarian, so for trends to change, major cycles must be ready to roll over. Lets review a few...
Meeting minutes from the Federal Reserve’s late January policy meeting indicate the central bank’s bond-buying program will almost certainly run its full course.
Two Federal Reserve Bank presidents skeptical about the Fed’s $600 billion bond-buying program said the prospect of accelerating inflation underscores the risk from a record increase in the central bank’s balance sheet.
[[wysiwyg_imageupload:1513:]]By Peter Schiff
Back in October of 2009, when Congress first announced the formation of a commission to investigate the cause of the 2008 financial crisis, I knew immediately that their ultimate conclusions would support the agendas of their respective political parties. (Watch the video blog I recorded that day) Particularly, I knew that the commission's Democrat majority would use the crisis to justify more government involvement in the financial markets. These concerns have now been fully validated.
The Federal Reserve will probably push forward with $600 billion in securities purchases even as the biggest jump in business loans in more than two years adds to signs the U.S. economy is gaining strength.