The Fed’s lost control of its ability to fix interest rates.
We know that because it’s had to resort to doing huge amounts of repos with banks lately, something it hasn’t done in a decade, to control the fed funds rate which is spiking above targets set by the Fed.
But it’s worse than that.
The Fed’s lost the confidence of markets, lost its ability to control the economy, and lost our future.
The Federal Reserve System’s a shell game, they’re con artists, and the game they’re playing is crooked.
Someone needs to blow the whistle on the Fed.
At great risk to myself, because the Fed is a protected institution, I will be that someone.
Whatever happens to me because of what I’m revealing here, I’ll tell you, because I may need your help.
It’s been a few weeks since I was last on “Making Money with Charles Payne”, and since then I’ve become cautious. Even though the markets want to go higher, just a few percentage points away from all-time highs, they stall. I’m optimistic if the biggest news of the trade war resolves, even just a portion. But if we don’t get there, I see some negative signs out there with clouds coalescing, and it begins with the top performers of tech. See where things go from here….Click here to watch.
Last week the repo market, where banks borrow from each other and are supposed to pay interest on their overnight loans based on the fed funds rate set by the Federal Reserve, kind of, sort of, blew up.
Despite the fed funds rate, actually it’s now a “band,” having just been lowered by the Fed to 1.75%-2.00% some banks had to pay as much as 9% to borrow overnight in the fed funds market.
While on “Varney & Co.”, just because Stuart Varney was missing, it doesn’t mean I’d hold back my indictment on Wall Street. Markets were just begging for the rate cut having already baked it in for a while now. I predicted yesterday morning that the rate cut of 25 basis points would come, but nothing more and nothing less. But what the cuts are meant to prevent from happening, or at the very least cushion America from, come from certain global indicators that you need to see for yourself here… Click here to watch.
While on “Making Money with Charles Payne”, I pushed back what many are considering the biggest flop for Apple product releases. Apple may have got kicked to the curb as Hollywood directors and executives cut their ties with the tech giant moving into the streaming space, but a call to sell is still way off base. Here’s what everyone else is getting wrong and what you should know if you’re considering buying this stock, and most importantly what’s the bigger narrative to know… Click here to watch.
The WeWork company story is a convoluted one, especially when it comes to its management, its funding, its business model, its accounting, and now its attempts to go public.
As an investor, even as a trader, I don’t buy into stocks of companies which are so convoluted that it’s hard to make sense of what they’re really up to.
The We Company, as it’s now known, is the perfect case in point.
From why it changed its name to how it’s being valued right before its proposed IPO, are just two reasons I wouldn’t touch this company’s stock with a ten-foot pole. Except to short it as soon as I can.
I’m not one to give high praise to just any company. So when I say that I liked everything I heard from Apple’s launch of a new product line, especially lowering the prices just enough to get phones in everybody’s hand, well, it’s just brilliant. But just because one company is doing well that doesn’t mean that the rest of the market is off the hook, especially since we simply can’t ignore the Fed and Trump battle. While the Fed doesn’t want to be pushed around by the president, we have bigger problems that need to be addressed to help America, and it’s not cutting interest rates. Check out here the video below.Click here to watch.