by pentoport | Jun 15, 2023 | Commentary
June 15, 2023 The Bank of Canada paused its rate hiking cycle in January but then hiked rates at its last meeting. The Royal Bank of Australia paused in April but then had to start hiking again in June. The Fed also paused at its June meeting or at least skipped a...
by pentoport | May 4, 2023 | Commentary
May 4, 2023 At his May FOMC press conference, Mr. Powell tried his hand at stand-up comedy by saying “banking conditions have broadly improved since March.” Could it really be possible that he can be so blind to what is actually happening within the...
by pentoport | Apr 28, 2023 | Commentary
April 26, 2023 First Quarter GDP increased at only a 1.1% seasonally adjusted annual rate. That was down from 2.6% in Q4 of last year, which was down from 3.2% during Q3. Despite the clear slowdown in economic growth, there still exists a battle between Wall...
by pentoport | Apr 17, 2023 | Commentary
April 17, 2023 The debt-disabled U.S. economy cannot withstand the surge in borrowing costs, and the reduction in money supply growth necessary to combat the record-high inflation suffered over the past few years. Our beloved U.S. Treasury Secretary Janet Yellen said...
by pentoport | Mar 27, 2023 | Commentary
March 27th 2023 Christian Laggard raised interest rates by 50 bps last week, and Mr. Powell decided to raise the Fed Funds Rate by 25bps today and to keep the Quantitative Tightening Program at its current pace. It is hysterically funny that the Fed and ECB both...
