Posts Tagged ‘yield curve inversion’

Notes From Underground: The Lunacy of Powell’s Inner Volcker

March 12, 2023

A constant theme at NOTES FROM UNDERGROUND¬†has been that the lunacy of Federal Reserve Chair Jerome Powell finding his inner Volcker belongs in the pantheon of fantasy. As I have said before: Paul Volcker wouldn’t be able to find his inner Volcker in a financial system plagued with HUGE amounts of leveraged risk, coupled with a huge overhang of both PUBLIC and PRIVATE DEBT. And yet FED officials are still out there pondering whether to raise 25 or 50 basis points at the next meeting.

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Notes From Underground: Jerome Powell, Meet Jerome Kerviel

August 14, 2019

The die has been cast as the U.S. 2/10 curve did the unthinkable. It inverted. This cause panic among the talking heads, who scoured the earth for analysts to give purpose to the bogeyman of bullish equity market pundits. The financial television media interviewed analysts all day, who explained ad nauseam why an inverted curve is truly different this time as it mainly reflects the desire for foreign investors to send their savings to the welcoming shores of the United States.

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