“The Fed knows it can’t risk cuting rates right now [despite obvious signs of a very weak economy] or he risks the falling off a cliff.”
The FOMC assembly and Policy Statement launch is a giant occasion in the monetary markets. Every phrase in that Statement is scrutinized, and CNBC’s Steve Liesman works up a sweat counting the punctuation marks in the Statement. What I uncared for to level out is that the assertion, “the U.S. banking system is sound and resilient” was faraway from the newest FOMC Policy Statement Given the developments associated to New York Community Bancorp (NYSE:) and Aozora Bank (Japan) introduced that they chocked on their heavy publicity to U.S. CRE loans. I present a extra detailed take a look at NYCB’s financials in the upcoming situation of my Short Seller’s Journal. But don’t neglect the Mining Stock Journal. I observed in the present day that a number of junior microcap mission growth shares began to indicate indicators of life. These shares are the place the largest payoffs reside in the mining inventory sector. I cowl a number of that I consider are 5-10 baggers with at $2050 and at $23.20. The upside is way higher if we get a giant transfer larger in the metals.
Chris Marcus (Arcadia Economics) and I focus on the FOMC Policy Statement and hammer Jay Powell for his brutal dishonesty: