STILL 1.4 Million Fewer Full-Time Jobs than in 2008
by Lee Adler • • 3 Comments
Ominous Signs in Consumer Sentiment
by Lee Adler • • 1 Comment
Enabled By ZIRP and QE, Bankers Continue Looting Instead of Building Capital
by Lee Adler • • 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 • • Comments Off on The New Housing Market “Recovery” – Fact V. Fiction
The Big Four Central Banks Muddy The Same Sea Of Liquidity, And Then There’s China
by Lee Adler • • 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 • • 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.