Powell Hints at his Attack on Housing
Hey There Income Hunter, Powell’s one-liners were all over twitter yesterday as he testified on monetary policy at the Senate banking committee. I caught a read-between-the-lines message during the onslaught and that was this … Powell confirmed my gut feeling that he wants to crush housing. And I get it. […]
Weak Market Rally … Very Telling
Hey There Income Hunter, You know what they say about opinions … Well, I had my opinion coming in this week that there was a decent chance we could see a nice rally into the end of the quarter … However, yesterday’s move was extremely underwhelming. No volume, VIX never moved […]
Is There a Bounce in Sight?
Hey There Income Hunter, I opened my Twitter feed yesterday and the first thing I saw was Bank of America (Ticker: BAC) Bull/Bear Indicator hitting rock bottom … I’m not sure I’ve ever seen a reading of 0 … which makes me wonder if it can actually go negative. However, as […]
Why Central Banks Are Trapped
Hey There Income Hunter, The credit-based global financial system, at least on some level, should be called a Ponzi-scheme. It’s for the simple reason that more and more people have to be added to keep it going. Think about it this way … Over the past 50 years, cumulative debt of developed countries has far […]
Recession Update After Powell’s Disaster
Hey There Income Hunter, It was incredible to witness Jay Powell’s hideous performance on Wednesday. After all these years, it’s still wild to see how clueless the Fed truly is. His analysis this week was not backed by any factual data. It was all made up sound bites in hopes of convincing […]
It’s How You Say It
Hey There Income Hunter, As Ben Bernanke, ex-Fed chair once said, 90% of a Fed member’s job is delivering the right message, while 10% is delivering the right action. That is spot on and Alan Greenspan was a rock star at it. I swear he put marbles in his mouth so reporters couldn’t understand him. […]
Say What? Fed Leaks .75% Rate Hike!
In a desperation move, the Federal has leaked that it will raise rates by .75% today. It’s something we haven’t seen since Alan Greenspan was in charge of the Fed back in the mid-90s. Jerome Powell was asked about hiking by .75% in future meetings a couple of weeks ago and he said it wasn’t […]
How the West was Done
Hey There Income Hunter, Western economies are expected to experience their sharpest decline in more than 80 years after the World Bank slashed global growth forecasts to below 3%. This is truly historic. Usually inflation at least gives an impression of a growing economy. But this time around, as inflation rises, growth is slowing even […]
Fed & Quad Witching Repeat?
Hey There Income Hunter, Could it be, as the great Yogi Berra once said “déjà vu all over again?” Much like March of this year, we’re entering a week that includes both the Federal Reserve’s FOMC meeting and a quadruple witching. The latter is when derivatives of stock index futures, stock index options, stock options, […]
The CPI Blowout: What Happened? What Next?
Hey There Income Hunter, On June 7, Treasury Secretary Janet Yellen warned of a consumer price index (CPI) print that would remain elevated. Apparently economists weren’t listening because their forecasts for yesterday’s CPI were blown out of the water. How is this for a miss: year-over-year CPI was forecast to be 8.2% […]