by
Adam Taggart
Wolf Richter
by
Adam Taggart
In this week’s Off The Cuff I sit down with Wolf Richter to discuss:
- The future implications of rising Treasury yields
- How long can the full-blown mania in the markets last?
- Why Wolf thinks the Fed’s hand will be forced to tighten by rising inflation
- San Francisco homelessness/crime boom a sign of things to come nationwide?
Treasury yields have been rising, with the 10-year just hitting its highest level in nearly a year. What does this signify?
Wolf Richter watches the bond market closely and thinks this is an early tell that the Fed may end up disappointing the markets eventually.
Like many of our recent guest experts, Wolf sees higher inflation ahead. And at some point, he sees the Fed — despite its recent stated willingness to let inflation “run hot” for a while — being forced to try to contain it.
Before it gets to the “unthinkable” stage of raising interest rates, it will use the other arrows in its quiver like slowing/stopping QE and eventually selling assets off of its balance sheet. So by allowing the long end of the Treasury curve to rise now, the Fed may be taking its first baby step towards ending its longstanding easing efforts.
Of course, if true, the ramifications of this are tremendous, as Wolf explains here:
Click here to listen to a sample of this Off The Cuff Podcast
Or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
Off The Cuff: The Massive Implications Of Rising Interest Rates
PREVIEW by Adam TaggartIn this week’s Off The Cuff I sit down with Wolf Richter to discuss:
- The future implications of rising Treasury yields
- How long can the full-blown mania in the markets last?
- Why Wolf thinks the Fed’s hand will be forced to tighten by rising inflation
- San Francisco homelessness/crime boom a sign of things to come nationwide?
Treasury yields have been rising, with the 10-year just hitting its highest level in nearly a year. What does this signify?
Wolf Richter watches the bond market closely and thinks this is an early tell that the Fed may end up disappointing the markets eventually.
Like many of our recent guest experts, Wolf sees higher inflation ahead. And at some point, he sees the Fed — despite its recent stated willingness to let inflation “run hot” for a while — being forced to try to contain it.
Before it gets to the “unthinkable” stage of raising interest rates, it will use the other arrows in its quiver like slowing/stopping QE and eventually selling assets off of its balance sheet. So by allowing the long end of the Treasury curve to rise now, the Fed may be taking its first baby step towards ending its longstanding easing efforts.
Of course, if true, the ramifications of this are tremendous, as Wolf explains here:
Click here to listen to a sample of this Off The Cuff Podcast
Or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
by
Adam Taggart
In this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:
- The danger of asset bubbles
- The Fed’s serial addiction to blowing them
- Tesla and the shale industry as case studies
- Covid-19s legacy on society
Everyone loves a bubble until it bursts. And we now live in age of multiple bubbles, with the Federal Reserve at the center, blowing each with vigor.
This inevitably will end painfully, as every prior bubble era has. But along the way, the more massive the distortions become, the greater the injustice between rich and poor becomes, and the more damage will ultimately follow.
And, slowly but surely, more and more people are waking up to the reality that the Fed’s serial addiction to blowing bubbles is actually the cause of many of today’s problems, not the cure as it would have us believe.
Click here to listen to a sample of this Off The Cuff Podcast
Or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
Off The Cuff: It’s Getting Harder For The Fed To Hide Its Guilt
PREVIEW by Adam TaggartIn this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:
- The danger of asset bubbles
- The Fed’s serial addiction to blowing them
- Tesla and the shale industry as case studies
- Covid-19s legacy on society
Everyone loves a bubble until it bursts. And we now live in age of multiple bubbles, with the Federal Reserve at the center, blowing each with vigor.
This inevitably will end painfully, as every prior bubble era has. But along the way, the more massive the distortions become, the greater the injustice between rich and poor becomes, and the more damage will ultimately follow.
And, slowly but surely, more and more people are waking up to the reality that the Fed’s serial addiction to blowing bubbles is actually the cause of many of today’s problems, not the cure as it would have us believe.
Click here to listen to a sample of this Off The Cuff Podcast
Or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
by
Adam Taggart
In this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:
- We no longer have capitalism — it’s gone
- The national housing market is weakening
- The jobs market is worse than the BLS is reporting
- This is the most challenging time ever for investors
In an important, somber conversation, Chris and Wolf discuss the challenging times facing society today. Capitalism as we knew it for much of the 20th century is no longer; today corporate losses are socialized while gains are privatized for the ruling elites.
For those looking to simply opt out of the system and protect themselves, it’s more challenging than ever warns Wolf. Especially in regards with how to safeguard your financial wealth:
Click here to listen to a sample of this Off The Cuff Podcast
Or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
Off The Cuff: Capitalism Is Gone
PREVIEW by Adam TaggartIn this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:
- We no longer have capitalism — it’s gone
- The national housing market is weakening
- The jobs market is worse than the BLS is reporting
- This is the most challenging time ever for investors
In an important, somber conversation, Chris and Wolf discuss the challenging times facing society today. Capitalism as we knew it for much of the 20th century is no longer; today corporate losses are socialized while gains are privatized for the ruling elites.
For those looking to simply opt out of the system and protect themselves, it’s more challenging than ever warns Wolf. Especially in regards with how to safeguard your financial wealth:
Click here to listen to a sample of this Off The Cuff Podcast
Or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
by
Adam Taggart
In this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:
- How covid has accelerated decades-worth of change
- Why industries & social behavior are permanently affected
- It will take years for the new landscape to stabilize
- Why the economic pain and inequality will lead to greater social unrest
Covid-19 has forced an immediate and permanent transformation of the global status quo, and we are in the early stages of understanding exactly how. But it is becoming clear that the pains involved will not be over quickly and that things will take years to stabilize.
Wolf explains how everything from jobs, to home prices, to social behavior, to financial assets will continue to be buffeted well into 2021, and how the actions of the Federal Reserve are exacerbating the complaints of injustice that underlie the multiplying protests around the nation.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
Off The Cuff: Waking Up To A Changed World
PREVIEW by Adam TaggartIn this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:
- How covid has accelerated decades-worth of change
- Why industries & social behavior are permanently affected
- It will take years for the new landscape to stabilize
- Why the economic pain and inequality will lead to greater social unrest
Covid-19 has forced an immediate and permanent transformation of the global status quo, and we are in the early stages of understanding exactly how. But it is becoming clear that the pains involved will not be over quickly and that things will take years to stabilize.
Wolf explains how everything from jobs, to home prices, to social behavior, to financial assets will continue to be buffeted well into 2021, and how the actions of the Federal Reserve are exacerbating the complaints of injustice that underlie the multiplying protests around the nation.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
by
Adam Taggart
In this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:
- Only An Elite Few Benefit From The ‘Wealth Effect’
- The System Is Purposely Insidious
- Only Revolution Will Change Things At This Point
- What The Heck Is The Fed Up To Next?
Get ready for ‘no punches pulled’ barnburner of a discussion. Both Chris and Wolf are hopping mad at the increasing squeeze our system is placing on the masses — the ‘wealth effect’ created by current Fed policy is only enjoyed by the already stinking rich, and everyone else is being left fewer and fewer crumbs.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
Off The Cuff: The System Is Purposely Insidious
PREVIEW by Adam TaggartIn this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:
- Only An Elite Few Benefit From The ‘Wealth Effect’
- The System Is Purposely Insidious
- Only Revolution Will Change Things At This Point
- What The Heck Is The Fed Up To Next?
Get ready for ‘no punches pulled’ barnburner of a discussion. Both Chris and Wolf are hopping mad at the increasing squeeze our system is placing on the masses — the ‘wealth effect’ created by current Fed policy is only enjoyed by the already stinking rich, and everyone else is being left fewer and fewer crumbs.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
by
Adam Taggart
In this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:
- What is the repo rate?
- Why did the rate suddenly skyrocket?
- Why a liquidity crisis is so dangerous
- Will the Fed really start up QE again?
Something completely unexpected happened this week. Banks started running out of cash reserves. As a result, the cost for them to borrow money overnight — the repo rate — suddenly skyrocketed, taking the banking system and the Federal Reserve by surprise.
While the situation appears under control for now, it is not a good sign nor a healthy one for the financial system.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
Off The Cuff: Understanding The Trouble With Repo Rates
PREVIEW by Adam TaggartIn this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:
- What is the repo rate?
- Why did the rate suddenly skyrocket?
- Why a liquidity crisis is so dangerous
- Will the Fed really start up QE again?
Something completely unexpected happened this week. Banks started running out of cash reserves. As a result, the cost for them to borrow money overnight — the repo rate — suddenly skyrocketed, taking the banking system and the Federal Reserve by surprise.
While the situation appears under control for now, it is not a good sign nor a healthy one for the financial system.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
by
Adam Taggart
In this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:
- How Negative Interest Rates Work
- Their (Many) Nefarious Unintended Consequences
- Too Much Capital Is Getting Pushed Into Higher Risk
- The High Cost Of Our Relentless Pursuit Of “Growth”
It’s been a surprisingly busy summer developments-wise in the world. We’ve had so much fresh content covering it all that’s it’s been a challenge to publish everything in a timely manner. Some releases get delayed in order to rush breaking news out to you.
Here’s a podcast we recorded with Wolf Richter a few weeks back that tackles the important topic of negative interest rates. They are exploding around the world — over $19 trillion in debt is now trading at a negative rate (!).
The US is one of the only sovereign bond markets left trading in positive territory. And the Fed has resumed an easing cycle, so that, too, may not last for much longer.
What are the implications of a bizarro world below the 0%-bound? They are unnatural and fraught with toxic unintended consequences, as Wolf explains here.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
(Bonus!) Off The Cuff: Understanding The Nefarious Nature Of Negative Interest Rates
PREVIEW by Adam TaggartIn this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:
- How Negative Interest Rates Work
- Their (Many) Nefarious Unintended Consequences
- Too Much Capital Is Getting Pushed Into Higher Risk
- The High Cost Of Our Relentless Pursuit Of “Growth”
It’s been a surprisingly busy summer developments-wise in the world. We’ve had so much fresh content covering it all that’s it’s been a challenge to publish everything in a timely manner. Some releases get delayed in order to rush breaking news out to you.
Here’s a podcast we recorded with Wolf Richter a few weeks back that tackles the important topic of negative interest rates. They are exploding around the world — over $19 trillion in debt is now trading at a negative rate (!).
The US is one of the only sovereign bond markets left trading in positive territory. And the Fed has resumed an easing cycle, so that, too, may not last for much longer.
What are the implications of a bizarro world below the 0%-bound? They are unnatural and fraught with toxic unintended consequences, as Wolf explains here.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
by
Adam Taggart
In this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:
- Tesla’s Woes
- A harbinger of what’s coming for many other overvalued companies
- How Bad Could A Trade War With China Get?
- There will be lots of unintended consequences
- Why The Smart Bet Is On Currency Devaluation
- Governments will print forever to prevent catastrophic losses from happening
- Recession Ahead!
- The global macro data continues to look worse and worse
In this excellent discussion, Chris mentions “It feels like we’re so far down the state intervention pathway that I’m not sure that there is a way back to free and fair markets at this point in time. And it would take something fairly cataclysmic I think to upend that, something like an out of control currency accident for China, taking it out of their hands, for instance. ”
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
Off The Cuff: Why Currency Crisis Is The Real Risk Here
PREVIEW by Adam TaggartIn this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:
- Tesla’s Woes
- A harbinger of what’s coming for many other overvalued companies
- How Bad Could A Trade War With China Get?
- There will be lots of unintended consequences
- Why The Smart Bet Is On Currency Devaluation
- Governments will print forever to prevent catastrophic losses from happening
- Recession Ahead!
- The global macro data continues to look worse and worse
In this excellent discussion, Chris mentions “It feels like we’re so far down the state intervention pathway that I’m not sure that there is a way back to free and fair markets at this point in time. And it would take something fairly cataclysmic I think to upend that, something like an out of control currency accident for China, taking it out of their hands, for instance. ”
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
by
Adam Taggart
In this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:
- The Market Is Making Some Dangerous Assumptions
- Right now it’s confident the Fed won’t hike this year. But will that be the case?
- A Rate Surprise Would Shock The Markets
- But the massive rebound seen since Jan supports hiking
- Higher Rates Would Help The Fed Address The Coming Recession
- Yet another reason rates can still go up
- But There’s No Guarantee The Fed Can Ride To The Rescue
- One day its stimulus will stop working, no matter how large
There’s been a lot of releases from the Federal Reserve lately which Chris and Wolf deconstruct here. Wolf is of the mind that the markets are interpreting the Fed’s recent dovish moves as complete capitulation. He’s not so sure about that — he thinks the Fed will raise rates if given the opportunity. And the massive market recovery since the start of the year is giving it more and more validation for further hikes. So Wolf warns that the market could be in for a nasty surprise should the Fed hike later this year.
But he also warns that the Fed is guilty of making some shaky assumptions of its own. Here he explains why its stimulus playbook may not work as expected when the next recession arrives:
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
Off The Cuff: Bad Assumptions = Bad Outcomes
PREVIEW by Adam TaggartIn this week’s Off The Cuff podcast, Chris and Wolf Richter discuss:
- The Market Is Making Some Dangerous Assumptions
- Right now it’s confident the Fed won’t hike this year. But will that be the case?
- A Rate Surprise Would Shock The Markets
- But the massive rebound seen since Jan supports hiking
- Higher Rates Would Help The Fed Address The Coming Recession
- Yet another reason rates can still go up
- But There’s No Guarantee The Fed Can Ride To The Rescue
- One day its stimulus will stop working, no matter how large
There’s been a lot of releases from the Federal Reserve lately which Chris and Wolf deconstruct here. Wolf is of the mind that the markets are interpreting the Fed’s recent dovish moves as complete capitulation. He’s not so sure about that — he thinks the Fed will raise rates if given the opportunity. And the massive market recovery since the start of the year is giving it more and more validation for further hikes. So Wolf warns that the market could be in for a nasty surprise should the Fed hike later this year.
But he also warns that the Fed is guilty of making some shaky assumptions of its own. Here he explains why its stimulus playbook may not work as expected when the next recession arrives:
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com’s other premium content.
Total 22 items
by blaggers