Let's not forget Japan's efforts this past 2 weeks on currency protection and indications China about to start aggressively doing Yuan interaction. Fed will be under enormous pressure to soften tone and perhaps, 'wait and see' as economies are slowing
I wouldn't say that by a country mile given the Fed has other bullets to shoot vs rates. Rate action is slow and takes months to impact the economy given the options to traditional financing and smaller banking share in that. Repo mkts are showing clear signs of stress and that impacts fx and dollar denominated assets big time abroad. Real asset base is being wiped out with rising rates and flight of treasuries.
You really want to selectively pick a statement from DT that was predictive and spot on? Would you like thousands of other “truths” listed that were blatantly false? It’d fill more pages than Syracuse’s “All inclusive Rutgers” thread that runs over 500 pages.
slowdown, DT was pretty spot on with much of what he said to include Ukraine. We get it, orange man bad but no denying the man had his hand on the pulse
I was not commenting on DT as President nor anything else he did as President, good or bad. I'm just pointing out that what he has said publicly over the years was false far more than what he said publicly was true. Again, I'm not commenting on him politically since I am truly an independent politically.
There’s been this rampant speculation that CS’ balance sheet with respect to credit default swaps resembles Lehman’s back in 2007/2008.
If releasing oil from the reserve only resulted in a few cents savings do we expect a big increase in prices if they buy oil to replenish the reserves?
Now the UN is bitching to the Fed. Does anyone like Powell? LOL!
www.wsj.com
After 3% of increases in 6 months, wait and see is the right approach, especially with leading inflation indicators crashing.
Now the UN is bitching to the Fed. Does anyone like Powell? LOL!
U.N. Calls On Fed, Other Central Banks to Halt Interest-Rate Increases
The Fed’s rate increases so far this year would reduce poor countries’ economic output by $360 billion over three years, and that further policy tightening would do additional harm, a U.N. agency warns.
The Federal Reserve and other central banks risk pushing the global economy into recession followed by prolonged stagnation if they keep raising interest rates, a United Nations agency said Monday.
The warning comes amid growing unease about the haste with which the Fed and its counterparts are raising borrowing costs to contain surging inflation. India’s central bank Friday said that the global economy was facing a third major shock after the Covid-19 pandemic and Russia’s invasion of Ukraine, in the form of aggressive rate increases by central banks in rich countries.
In its annual report on the global economic outlook, the United Nations Conference on Trade and Development said the Fed risks causing significant harm to developing countries if it persists with rapid rate rises. The agency estimated that a percentage point rise in the Fed’s key interest rate lowers economic output in other rich countries by 0.5%, and economic output in poor countries by 0.8% over the subsequent three years.
UNCTAD estimated that the Fed’s rate increases so far this year would reduce poor countries’ economic output by $360 billion over three years, and further policy tightening would do additional harm.
Now the UN is bitching to the Fed. Does anyone like Powell? LOL!
U.N. Calls On Fed, Other Central Banks to Halt Interest-Rate Increases
The Fed’s rate increases so far this year would reduce poor countries’ economic output by $360 billion over three years, and that further policy tightening would do additional harm, a U.N. agency warns.
The Federal Reserve and other central banks risk pushing the global economy into recession followed by prolonged stagnation if they keep raising interest rates, a United Nations agency said Monday.
The warning comes amid growing unease about the haste with which the Fed and its counterparts are raising borrowing costs to contain surging inflation. India’s central bank Friday said that the global economy was facing a third major shock after the Covid-19 pandemic and Russia’s invasion of Ukraine, in the form of aggressive rate increases by central banks in rich countries.
In its annual report on the global economic outlook, the United Nations Conference on Trade and Development said the Fed risks causing significant harm to developing countries if it persists with rapid rate rises. The agency estimated that a percentage point rise in the Fed’s key interest rate lowers economic output in other rich countries by 0.5%, and economic output in poor countries by 0.8% over the subsequent three years.
UNCTAD estimated that the Fed’s rate increases so far this year would reduce poor countries’ economic output by $360 billion over three years, and further policy tightening would do additional harm.
I don't think it's speculation when discussion is to carve out and create 3 entities with one holding garbage and bad debt. What makes CS different is their activity in the repo and swaps mkts. Lehman wasn't insolvent and didn't have to die and was the first casualty of a clearing house holding back funds in volation of OCC rules, MF was the other. Now I don't have any first hand knowledge of CS balance sheet as it relates to mmkt instruments but no way they are allowed to fail imho
You are 100% wrong. Almost everything trump said came true.
I already own the s&p. This crap makes me money. You can disagree and say you don’t get it, doesn’t make you wrong but I’ll be ok. You had a strong opinion, when presented with a sound argument to the contrary you lost steam, as usual.
Sorry. I wanted him to be right but where was the great healthcare plan HE talked about, not even any details? What about the infrastructure plan HE promised? What about COVID that HE said would magically go away like the flu? I could go on but you get the picture.
Trump tackled all three of those issues. Covid is gone for the most part, he completed lots of infrastructure projects the most important being a wall on our southern border, and healthcare is a huge issue that will not be solved overnight because of the many vested interests.
They can whine and complain all they want. Powell is the one taking the heat and his knees will buckle once again. We've all read this story before. Inflation is crashing, even housing. Game over.President of the NY Fed speech today. Doesn't sound like a pivot coming soon to me.
A Bedrock Commitment to Price Stability - FEDERAL RESERVE BANK of NEW YORK
www.newyorkfed.org
Unfortunately, that's it for the good news on inflation. The fact is, lower commodity prices and receding supply-chain issues will not be enough by themselves to bring inflation back to our 2 percent objective. The demand for durable goods remains very high—beyond what can be produced and brought to market, even with improved supply chains. And the demand for labor and services is far outstripping available supply. This is resulting in broad-based inflation, which will take longer to bring down.
There are other factors in our favor. First, the Fed's commitment to achieve and sustain 2 percent inflation is a now bedrock principle. This was not always the case. It's only been 10 years since the FOMC defined 2 percent inflation as its longer-run goal.7 This transparency about our objectives provides a "North Star" for policy decisions and communications. It likewise improves the public's understanding of our goals and actions.
COVID did not go away with the warm weather like he said. No infrastructure was completed other than the partial wall. Yes, healthcare is difficult but HE said he was gonna fix it so those are just 3 falsehoods off the top of my head. I’m not gonna get into Dem/Rep issues, just knocking down your statement that almost everything he said came true because that statement by you is blatantly false.
