Here’s What Happened in the Market Today – No You’re Not Crazy
This content is for premium members only.
Join Now
Join Now
Already a member? Log in here
#federalreserve
Fed Raises by 50bp – With Interesting Guidance
This content is for premium members only.
Join Now
Join Now
Already a member? Log in here
Politics and the Fed – More Praise?!
We’ve been justifiably critical of the Federal Reserve for over a year now, and long-time readers know that while DKI regularly engages on policy, we don’t take political positions. Still, we’ve noticed an interesting pattern and thought it was worth pointing out to you. Austan Goolsbee, who was an economic advisor to President Obama, is … Read more
New CPI is 7.7%
This content is for premium members only.
Join Now
Join Now
Already a member? Log in here
Financial News Outlets Finally Seeing Our Point on Losses at the Fed
Two months ago, we noted that the Federal Reserve held about $9 trillion of assets that are primarily treasury bonds and mortgage backed securities (that the Fed is not allowed to hold). We wrote that these assets decline in value when interest rates rise, and that if the Fed accelerated the pace of quantitative tightening, … Read more
Squirrels 2 – Central Bankers 0
A squirrel stored 300 pounds of acorns inside a transmitting antenna. At this point, is there anyone who thinks our debt/money printing/currency debasement regime is superior to a small rodent who saves during the summer so it has food (income) during the winter? The squirrel stocked about 150 kilos of acorns inside the transmitting antenna. … Read more
Another Big Fed Rate Hike
As “expected” the Federal Reserve raised the fed funds rate by another 75 basis points (.75%) today. We put “expected” in quotation marks because when we started writing about inflation ten months ago, the big Wall Street firms thought we’d get a total of 75 basis points of rate hikes for all of 2022. We … Read more
A Look at the Components of Inflation – Part I
This content is for premium members only.
Join Now
Join Now
Already a member? Log in here
Who’s Going to Pay for the Losses at the Fed?
We’ve pointed out more times than we can count that the Federal Reserve currently has around $9 trillion dollars of securities on its balance sheet. This includes trillions of dollars of mortgage securities its not allowed to own. The main reason that inflation has been so high this year has been the Fed’s increase of … Read more
First Half Headlines are all Terrible Unless You’re a DKI Subscriber
At this point, you’ve probably read at least a dozen headlines explaining that the first half of 2022 is the worst for the market in over 50 years. The headlines and commentary we’re seeing are apoplectic. This came from Barron‘s last night: The first half of the year was terrible. Worst in decades for stocks. … Read more
