Contrarian Reads

Why The Fed Is Stuck In QE Hell

Imagine doing the same thing over and over again, with little progress and no relief. Sounds like most people’s vision of hell — or the Federal Reserve’s current predicament.               https://www.marketwatch.com/story/the-federal-reserve-is-stuck-in-quantitative-easing-hell-2020-01-16 To access this post, you must purchase Monthly Subscription, Quarterly Subscription or Annual Subscription.

Be Warned: Record Everything Ain’t Real!

We’re witness to historic developments across global financial markets extending far beyond an equities melt-up. U.S. corporate Credit this week traded near the narrowest spreads (to Treasuries) since 2007. Popular Credit default swap (CDS) indices priced this week at pre-crisis lows – investment-grade and high yield. At 46 bps, Goldman Sachs (5-yr) CDS closed the …

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Low Inflation My Eye!

Meanwhile, quality and quantity are in permanent decline. New BBQ grills rust out in a few years, if not months, appliance paint is so thin a sponge and a bit of cleanser removes the micron-thick coating, and on and on in endless examples of the landfill economy, as new products are soon dumped in the …

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No Matter How Much Money the Fed Prints, Most Americans Still Can’t Afford Nice Things

You’d think that with the Federal Reserve printing trillions of dollars since 2008, we’d all be able to afford nice things. But you’d be wrong: after 11 years of Fed money-printing, nice things are even more out of reach for all but the favored few who’ve received the Fed’s bounty of freshly created currency.   …

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Nancy Signs The Dems Death Warrant

……it was actually signing the party’s death warrant Wednesday, complete with official Nancy Pelosi commemorative black-and-gold signature pens. And that their solemn, prayerful journey from one side of the Capitol building to the other was actually the conveyance of that death warrant in what amounted to the party’s funeral march.         https://www.lewrockwell.com/2020/01/james-howard-kunstler/grave-tendings/ To …

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