UPDATE: This was written immediately following the Fed's Jackson Hole meeting in late Aug 2016. It is a walk through of our escalating alarm at what we discovered was on the agenda. So forgive the color in the first part that betrays our naivete.
Authored by Bonner & Partners' Bill Bonner, annotated by Acting-Man's Pater Tenebrarum,
Bent and Distorted
This morning, we are wondering: How dumb is the Fed?
The question was prompted by this comment by former Fed insider Chris Whalen at The Institutional Risk Analyst blog...
In what was perhaps the most amusing act of protest to occur during testimony by one of the world’s most powerful central bankers since ECB President Mario Draghi was glitter-bombed by far-left activist Josephine Witt two years ago, an anonymous bitcoiner trolled Federal Reserve Chairwoman Janet Yellen by holding up a hand-made sign that read “Buy Bitcoin” during Yellen’s testimony before the House financial Services Committee on Wednesday.
Authored by Craig Wilson via The Daily Reckoning,
Nomi Prins joined The Foreign Correspondents’ Club of Japan in Tokyo to discuss the banking landscape and state of financial regulations in the Trump era. The central bank historian and financial expert also took a deep dive into the shifting relations between the United States and Japan and what easy money policy has meant for financial markets.
Authored by Michael Snyder via The Economic Collapse blog,