Lee Adler

Fed Issues Surreptitious Payments to Bank Welfare Queens At Taxpayer Expense

by Lee Adler • Oct 29, 2014 • 2 Comments

On the day when QE ended: Taxpayer were put on hook for a direct subsidy to banks.

STILL 1.4 Million Fewer Full-Time Jobs than in 2008

by Lee Adler • Sep 8, 2014 • 3 Comments

The Fed’s policies have rewarded financial engineering at the expense of job creation.

Ominous Signs in Consumer Sentiment

by Lee Adler • Jul 18, 2014 • 1 Comment

Despite surging stocks since 2012, consumer sentiment has not broken out in similar fashion: a warning sign of a big move down in the markets and economy.

Enabled By ZIRP and QE, Bankers Continue Looting Instead of Building Capital

by Lee Adler • Oct 2, 2013 • Comments Off on Enabled By ZIRP and QE, Bankers Continue Looting Instead of Building Capital

By Lee Adler, The Wall Street Examiner: One of the purposes of the Fed’s Zero Interest Rate Policy (ZIRP) was ostensibly to allow banks to rebuild their capital through suppressed funding costs and increased profits. Theoretically that would add to their capital. But in this chart, we see that the growth rate of bank capital has fallen to zero.

The New Housing Market “Recovery” – Fact V. Fiction

by Lee Adler • Aug 23, 2013 • Comments Off on The New Housing Market “Recovery” – Fact V. Fiction

By Lee Adler, The Wall Street Examiner: There’s been a lot of talk over the past year about the housing “recovery.” But the fact of the matter is that in terms of new single-family homes, there’s no genuine recovery, but there’s certainly a bubble in prices.

The Big Four Central Banks Muddy The Same Sea Of Liquidity, And Then There’s China

by Lee Adler • Jun 24, 2013 • Comments Off on The Big Four Central Banks Muddy The Same Sea Of Liquidity, And Then There’s China

Contributed by Lee Adler, of The Wall Street Examiner. The Fed, ECB, BoJ, and BoE all deal with the same banks. Of the Fed’s 21 Primary Dealers, its sole counterparties, only seven are US domiciled. Three are Canadian, eight are European, including three British banks, and three are Japanese. All of them are major players in Europe and Japan.

The Fed Is Blowing A Dangerous Bank Deposit Bubble

by Lee Adler • Feb 21, 2013 • Comments Off on The Fed Is Blowing A Dangerous Bank Deposit Bubble

Contributed by Lee Adler, The Wall Street Examiner. The Fed is growing deposits far faster than banks can deploy them, or than the economy can use them. It is growing them far faster than anybody wants or needs. And so, there are “hundreds of billions of dollars of potential fuel unused.” Therein lies the potential for big problems.