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2h
Zero Hedge
Final Q2 GDP Comes At 1.4%: US Set To Grow At Slowest Pace Since Financial Crisissliding to 1.28% even with the modest upward revision, and has been below 2% in
Final Q2 GDP Comes At 1.4%: US Set To Grow At Slowest Pace Since Financial Crisis
Zero Hedge / Posted 2 hours ago
sliding to 1.28% even with the modest upward revision, and has been below 2% in the last three quarters. Using the latest NY Fed forecasts, which as a reminder now expects just 2.3% annualized growth in Q3 and 1.2% Q4, down 0.5% each from the... Read more
1d
Zero Hedge
"The Donald Nailed It" Stockman Screams "We Are In A Big Fat Ugly Bubble"Paul Volcker fully understood what had happened at Camp David, and strove might
"The Donald Nailed It" Stockman Screams "We Are In A Big Fat Ugly Bubble"
Zero Hedge / Posted yesterday
Paul Volcker fully understood what had happened at Camp David, and strove mightily during the next decade, first at the NY Fed and then in the Eccles Building, to keep the fiat genie bottled-up via sheer intellectual discipline and... Read more
5d
Zero Hedge
NY Fed Slashes GDP Forecast, Now Sees Weakest Growth Since Financial CrisisJust in case the Fed needed an "out" to its "hawkishly holdish" December rate h
NY Fed Slashes GDP Forecast, Now Sees Weakest Growth Since Financial Crisis
Zero Hedge / Posted 5 days ago
Just in case the Fed needed an "out" to its "hawkishly holdish" December rate hike, it got it moments ago when the NY Fed slashed its Q3 and Q4 GDP estimates, and now expects just 2.3% annualized growth in Q3 and 1.2% Q4, down 0.5% each from the... Read more
7d
Zero Hedge
Canadian Mint Employee Allegedly Smuggled $140,000 Of Gold Inside His Rectuma store of value, despite central banks still holding thousands of tons of the
Canadian Mint Employee Allegedly Smuggled $140,000 Of Gold Inside His Rectum
Zero Hedge / Posted 7 days ago
a store of value, despite central banks still holding thousands of tons of the precious metal, most of it in custody at the NY Fed). It now also appears it may be a suppository: according to the Ottawa Citizen, an employee of the Royal Canadian Mint... Read more
58 related stories
11d
Zero Hedge
The SEC's Former Top "HFT Expert" Joins HFT Titan Citadeleither HFT powerhouse Virtu, perennial accumulator of former government staffer
The SEC's Former Top "HFT Expert" Joins HFT Titan Citadel
Zero Hedge / Posted 11 days ago
either HFT powerhouse Virtu, perennial accumulator of former government staffers, Goldman Sachs, or - most likely - the NY Fed's shadow trading desk and the world's most leveraged hedge fund, Citadel itself. Because for every quo there is a... Read more
14d
Zero Hedge
Empire Fed Mysteriously Rises Even As All Components Deteriorateindexes posted a headline rebound despite all their components deteriorating. T
Empire Fed Mysteriously Rises Even As All Components Deteriorate
Zero Hedge / Posted 14 days ago
indexes posted a headline rebound despite all their components deteriorating. Today was one such day, when moments ago the NY Fed released the Empire State Mfg Survey, which "somehow" rose from -4.21 to -1.99 (it still missed expectations of a... Read more
15d
Zero Hedge
Atlanta Fed President Lockhart Announces He Is Stepping Downtoo excited with the path the Fed is on, or the Atlanta Fed's uncanny accuracy
Atlanta Fed President Lockhart Announces He Is Stepping Down
Zero Hedge / Posted 15 days ago
too excited with the path the Fed is on, or the Atlanta Fed's uncanny accuracy in predicting GDP finally forced the copycat NY Fed to demand a scalp. That said, we doubt the Atlanta Fed will be headless for too long: we are confident the line of... Read more
11 related stories
19d
Calculated Risk
Q3 GDP Forecastsannual rate) in the third quarter of 2016 is 3.5 percent on September 2, up fro
Q3 GDP Forecasts
Calculated Risk / Posted 19 days ago
annual rate) in the third quarter of 2016 is 3.5 percent on September 2, up from 3.2 percent on September 1. From the NY Fed Nowcasting Report The FRBNY Staff Nowcast stands at 2.8% for 2016:Q3, unchanged from last week. From Merrill... Read more
20d
Business Insider
The explosion of student debt could be 'a drag on the financial well-being of the nation'is actually a good thing, the Federal Reserve Bank of New York's Liberty Stree
The explosion of student debt could be 'a drag on the financial well-being of the nation'
Business Insider / Posted 20 days ago
is actually a good thing, the Federal Reserve Bank of New York's Liberty Street Economics blog disagrees. In the post, NY Fed economist Rajashri Chakrabarti outlined the possible impact of the growing mountain of student debt. Chakrabarti... Read more
22d
Zero Hedge
"No Reason" Why ECB Shouldn't Buy Stocks: Peterson Institutebanks as the BOJ and SNB in openly monetizing equities (as opposed to the hidde
"No Reason" Why ECB Shouldn't Buy Stocks: Peterson Institute
Zero Hedge / Posted 22 days ago
banks as the BOJ and SNB in openly monetizing equities (as opposed to the hidden stock purchases by entities such as the NY Fed which does so however using Citadel as a momentum-igniting intermediary when the US stock market is in danger of... Read more
55 related stories
24d
Zero Hedge
With US On Holiday, Global Stocks Rise As Dollar Sinks, While Fireworks Break Out In Crudea result of the trade data, and so back to where it was prior to the soft ISM m
With US On Holiday, Global Stocks Rise As Dollar Sinks, While Fireworks Break Out In Crude
Zero Hedge / Posted 24 days ago
a result of the trade data, and so back to where it was prior to the soft ISM manufacturing data earlier in the week. The NY Fed kept its 2.8% forecast for Q3 GDP unchanged meanwhile. The initial reaction to the employment report saw US Treasury... Read more
24d
Zero Hedge
"Blunt Language" - Goldman Explains Why It Is So Confident The Fed Will Hike In Under 3 WeeksAugust weakened, but GDP tracking estimates for the third quarter have been mov
"Blunt Language" - Goldman Explains Why It Is So Confident The Fed Will Hike In Under 3 Weeks
Zero Hedge / Posted 24 days ago
August weakened, but GDP tracking estimates for the third quarter have been moving higher—our own estimate is 2.9% now, the NY Fed is at 2.8%, and the Atlanta Fed at 3.5%. On inflation, the latest core PCE number was only 0.1% but the year-on-year... Read more
24d
Zero Hedge
Norway's Largest Bank Is Going Long VIX For The First Time: "We See Much More That Can Drag The Market Down"thin air and the use it to buy bonds, and in the case of the BOJ and SNB (and i
Norway's Largest Bank Is Going Long VIX For The First Time: "We See Much More That Can Drag The Market Down"
Zero Hedge / Posted 24 days ago
thin air and the use it to buy bonds, and in the case of the BOJ and SNB (and in some cases facilitated by Citadel and the NY Fed) equities is folly, we are not quite sure what happens when central bankers start fighting central banks. We do know... Read more
27d
Zero Hedge
Your Last Minute Payrolls Preview: What Wall Street Expectssurveys were mixed in August. The Richmond Fed (+1pt to +13) and Dallas Fed (+2
Your Last Minute Payrolls Preview: What Wall Street Expects
Zero Hedge / Posted 27 days ago
surveys were mixed in August. The Richmond Fed (+1pt to +13) and Dallas Fed (+2.0pt to +5.8) surveys improved, although the NY Fed (-6.4pt to +2.8, not seasonally adjusted) and Markit PMI surveys deteriorated. Service sector employment rose 201k... Read more
15 related stories
27d
Zero Hedge
Payrolls Preview: Brace For Disappointment (But Expect The Fed To Shrug It Off)surveys were mixed in August. The Richmond Fed (+1pt to +13) and Dallas Fed (+2
Payrolls Preview: Brace For Disappointment (But Expect The Fed To Shrug It Off)
Zero Hedge / Posted 27 days ago
surveys were mixed in August. The Richmond Fed (+1pt to +13) and Dallas Fed (+2.0pt to +5.8) surveys improved, although the NY Fed (-6.4pt to +2.8, not seasonally adjusted) and Markit PMI surveys deteriorated. Service sector employment rose 201k... Read more
15 related stories
1m
Zero Hedge
Why The Fed Will Never Reduce Its $4.5 Trillion Balance Sheet Againwhom are career economists), Credit Suisse's Zoltan Pozsar wrote a note titled
Why The Fed Will Never Reduce Its $4.5 Trillion Balance Sheet Again
Zero Hedge / Posted a month ago
whom are career economists), Credit Suisse's Zoltan Pozsar wrote a note titled "What Excess Reserves", in which the former NY Fed analyst made a very clear case for why the Fed's balance sheet will never shrink again (particularly in the context of... Read more
m
Zero Hedge
Is there any gold bullion stored at the US Mint in Denver?An additional 87 tonnes, a working stock figure (which never changes), comprise
Is there any gold bullion stored at the US Mint in Denver?
Zero Hedge / Posted 1 months ago
An additional 87 tonnes, a working stock figure (which never changes), comprises the balance. While Fort Knox and the NY Fed vaults regularly take the limelight in terms of volume of media coverage, and to a lesser extent the West Point vault... Read more

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