The Wall Street-Washington, self congratulatory media echo chamber press release repeaters got all excited this morning about a bump in the seasonally adjusted headline number for the BLS employment cost…
Lee Adler discusses liquidity trends and translates Janet Yellen’s remarks in the wake of the last FOMC meeting in mid June 2014.
This video was originally posted for subscribers of Radio Free Wall Street on June 20, 2014. To see current videos in real time subscribe here.
Lee Adler explains why we don’t need a crystal ball to front run the Fed. No ball gazing or front running is required to see the top. Subscribers may click here to open or right click to download this video and…
Lindsay Williams interviewed Lee Adler on Thursday, July 24. The next Radio Free Wall Street posting for subscribers will be on Sunday, July 27, 2014. See you then.
Early openers embroiled in a flurry of selling: Kiwis -0.8%, Aussies -1.3%, Nikkers -0.2% and Sth Korea -0.1%.
Steep losses for Aussie sectors: Healthcare and REITS -1.8%, IT -1.6%, Energy -1.4%.
The government’s quarterly reports on the gross domestic product (GDP) are useful not only for measuring how fast the U.S. economy is growing or shrinking. They’re also useful for helping to measure whether American economic policy is achieving its most important objective
Gold market news, July 30, 2014: On July 25, South Africa’s Rand Refinery – the biggest processing facility for gold in Africa and one of the biggest worldwide – announced it will receive a shareholder loan to make up for “lost” 87,000 ounces (2.7 tons) of physical gold in its inventory. The press release describes what amounts to a $112 million loss at current gold prices, making this one of the strangest stories to hit the gold market in 2014.
The fourth iteration of the Central Bank Gold Agreement (CBGA) has just been signed.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.