Federal Reserve

Investment Bank: The End Of US Economic Growth

by Wolf Richter •  • Comments Off on Investment Bank: The End Of US Economic Growth

“We fear that, once the effects of monetary stimulus disappear in the US, the weakness of the economy due to income inequalities may suddenly be revealed.”

Canary In A Handbag: Why Coach Hit The Skids

by David Stockman •  • Comments Off on Canary In A Handbag: Why Coach Hit The Skids

Coach just had an earnings fiasco. Sales plunged 21%. Prospects are worse for the period ahead. Store closings are coming. That’s the payoff for playing the destructive game of the Wall Street casino.

Housing Hit the Wall of Wall Street in May

by Wolf Richter •  • Comments Off on Housing Hit the Wall of Wall Street in May

It always starts with a toxic mix: Home sales plunged and inventories jumped in May. The housing market is buckling under its own inflated weight.

Fed’s Bullard: ‘The Bubble Was Developing Under Our Noses’

by Wolf Richter •  • Comments Off on Fed’s Bullard: ‘The Bubble Was Developing Under Our Noses’

Wiping out in one fell swoop six years of carefully orchestrated propaganda, St. Louis Fed President James Bullard admitted the Fed had dropped the ball during the prior bubble that blew up the financial system, and that it’s dropping the ball again during the current bubble.

Last Time this happened, The Financial Crisis Broke Out

by Wolf Richter •  • Comments Off on Last Time this happened, The Financial Crisis Broke Out

There comes a time when risk just disappears, when nothing can go wrong, when there are no dark clouds on the horizon. The Fed has a measure for it: the Financial Stress Index.

Real Economy Bites Housing Bubble 2

by Wolf Richter •  • Comments Off on Real Economy Bites Housing Bubble 2

When the home-sales curve kinked south last fall, soothsayers had some handy reasons. And it would be temporary. Month after month, they came up with new reasons. Now they’ve used up all the good ones, but sales are still tanking.

QE, Bailouts, And Families Struggling to Buy Food

by Wolf Richter •  • Comments Off on QE, Bailouts, And Families Struggling to Buy Food

It was a very basic question: Have there been times when you did not have enough money to buy the food you or your family needed? In wealthy countries, the percentages should be small, and given all the money-printing, it should be zero, you’d think.

Housing Bubble 2 Already Collapsing for the 99%

by Wolf Richter •  • Comments Off on Housing Bubble 2 Already Collapsing for the 99%

This is precisely what shouldn’t have happened but was destined to happen: as prices are soaring, only luxury home sales are growing … 1% of the market! Something has to give.