Mortgage Lenders Demand Fed Bailout… After Blaming Fed For Forcing “Staggering, Unprecedented” Margin Calls

The Mortgage Bankers Association warned that the housing market could face a ” large-scale disruption,” due to actions by the Fed that were meant to help the mortgage market. The Fed bought $183 billion of purchases last week of mortgage-backed securities, in an effort to drive down rates, and they did. But the Fed’s actions, […]

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After Raising Rates Once During The Obama Years, The Fed Promises Constant Rate Hikes During The Trump Era

By Michael Snyder Now that Donald Trump has won the election, the Federal Reserve has decided now would be a great time to start raising interest rates and slowing down the economy.  Over the past several decades, the U.S. economy has always slowed down whenever interest rates have been raised significantly, and on Wednesday the […]

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Federal Reserve, Congress 99% responsible for Black Monday market meltdown

By Andrew Moran Over the past several days, the New York Stock Exchange has seen steep losses. Financial analysts say that it’s a market correction in the wake of China’s slowing economy. Although the Dow Jones opened up Wednesday’s trading session in positive territory, some say this turmoil isn’t over. Former Texas Republican Congressman and […]

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Nothing Is Going to Save the Housing Market

By A. Gary Shilling U.S. housing activity remains weak despite six years of federal government aid, strong interest from overseas buyers, rock-bottom interest rates and massive purchases of mortgage bonds by the Federal Reserve. Does this mean housing may never spring back to its pre-recession levels? Many signs point to yes. Don’t blame the Chinese, […]

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Fed Chair: ‘Deficits Will Rise to Unsustainable Levels’

(CNSNews.com) – Federal Reserve Chairman Janet Yellen, referencing the Congressional Budget Office’s long-term budget projections, told the Joint Economic Committee of Congress today that under current policies the federal government’s deficits “will rise to unsustainable levels.” In the 10-year budget projections it released in April, the CBO estimated that the federal government will run $7.618 trillion […]

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Federal Reserve to Cut Off Europe to Support U.S. Borrowing

Janet Yellen, newly confirmed Federal Reserve (Fed) chair, announced February 19th that America’s central bank is moving to cut off the massive financial lifeline that has been subsidizing the European banking system since the beginning of the global financial crisis in March of 2008. By delaying foreign bank compliance with the stringent capital and borrowing […]

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