Capitol Hill on Lockdown as Pro-Trump Supporters Breach DC
Investing.com - The U.S. Capitol went into lockdown on Wednesday and Vice President Mark Pence was shifted to a secure location after pro-Trump demonstrators forced their way into Congress, disrupting the election certification process.
Details @
https://www.investing.com/news/politics ... dc-2381261
&
https://www.zerohedge.com/political/cap ... h-security
Re: USD news
72The Fed's "Inflation Bubble"
The Federal Reserve continues to argue that the US is experiencing an "inflation bubble." Even though the uptick in consumer prices has run hotter and longer than policymakers expected, the "inflation bubble" will deflate at some point. Policymakers offer no timeline for the moderation but continue to promote the view that inflation will drift back to the 2% mark, implying that the economy has a preset ceiling of inflation and nothing more.
The Fed's inflation story is paradoxical. It comes from an institution that has long argued inflation is a monetary phenomenon. The current policy stance is the most accommodative monetary stance in history, so expectations of more inflation, not a reversal, should be expected. Also, the Federal Reserve, which has long argued that it's impossible to identify an asset bubble beforehand, can now suddenly see an "inflation bubble" and also predict its end.
Investors need to be aware that inflation cycles do not die on their own. But die when there is a sustained tightening of monetary policy. Also, inflation cycles have bad endings for the simple reason they create liquidity on the way up, and a sharp reversal in liquidity occurs, negatively impacting the economy and finance once the cycle ends.
Transitory Inflation No More
The June reports on consumer and producer price inflation struck a significant blow to the "transitory" inflation argument. Both showed substantial and broad-based gains, resulting in the highest rates of inflation in decades.
In June, consumer prices rose increased 0.9%, the most significant monthly gain of the year and the largest since 2008. Core consumer prices posted a similar increase of 0.9%. That matches the April 2021 gain, and both represent the most significant increases since 1982.
Pipeline inflation pressures remain intense. Core producer prices for intermediate materials and supplies increased 2.3% in June. Since the start of 2021, these prices have increased at an annualized rate of 32%. That surge is the largest in nearly 50 years and is a harbinger of more consumer price inflation in the months ahead.
The Indefensible Defense of Current Stance of Monetary Policy
Policymakers' defense of their current monetary policy stance is no longer credible. In 2020, policymakers moved quickly and aggressively when the economy plunged, and consumer prices dropped for three consecutive months in a row. Just the rebound in the consumer prices, up for thirteen successive months, climbing 5.4%, nearly three times the Fed's target of 2%, makes the case that the policy of stance for 2020 is no longer appropriate in mid-2021.
It's necessary to point out that a record surge in housing prices is not part of the current inflation readings. Failure to include housing prices in the reported inflation readings makes inflation appear less problematic than in the 1970s. But in reality, it is similar to the 1970s. That's because the economy (people and businesses) responds to actual or experienced inflation and not reported inflation.
Using the measurement practices of owners' housing costs of the 1970s would push the current consumer price inflation readings close to the double-digit gains last seen in the 1970s. That means the US is experiencing a more significant "inflation bubble" than is being reported or recognized by everyone. Investors forewarned.
https://www.zerohedge.com/economics/fed ... ion-bubble
The Federal Reserve continues to argue that the US is experiencing an "inflation bubble." Even though the uptick in consumer prices has run hotter and longer than policymakers expected, the "inflation bubble" will deflate at some point. Policymakers offer no timeline for the moderation but continue to promote the view that inflation will drift back to the 2% mark, implying that the economy has a preset ceiling of inflation and nothing more.
The Fed's inflation story is paradoxical. It comes from an institution that has long argued inflation is a monetary phenomenon. The current policy stance is the most accommodative monetary stance in history, so expectations of more inflation, not a reversal, should be expected. Also, the Federal Reserve, which has long argued that it's impossible to identify an asset bubble beforehand, can now suddenly see an "inflation bubble" and also predict its end.
Investors need to be aware that inflation cycles do not die on their own. But die when there is a sustained tightening of monetary policy. Also, inflation cycles have bad endings for the simple reason they create liquidity on the way up, and a sharp reversal in liquidity occurs, negatively impacting the economy and finance once the cycle ends.
Transitory Inflation No More
The June reports on consumer and producer price inflation struck a significant blow to the "transitory" inflation argument. Both showed substantial and broad-based gains, resulting in the highest rates of inflation in decades.
In June, consumer prices rose increased 0.9%, the most significant monthly gain of the year and the largest since 2008. Core consumer prices posted a similar increase of 0.9%. That matches the April 2021 gain, and both represent the most significant increases since 1982.
Pipeline inflation pressures remain intense. Core producer prices for intermediate materials and supplies increased 2.3% in June. Since the start of 2021, these prices have increased at an annualized rate of 32%. That surge is the largest in nearly 50 years and is a harbinger of more consumer price inflation in the months ahead.
The Indefensible Defense of Current Stance of Monetary Policy
Policymakers' defense of their current monetary policy stance is no longer credible. In 2020, policymakers moved quickly and aggressively when the economy plunged, and consumer prices dropped for three consecutive months in a row. Just the rebound in the consumer prices, up for thirteen successive months, climbing 5.4%, nearly three times the Fed's target of 2%, makes the case that the policy of stance for 2020 is no longer appropriate in mid-2021.
It's necessary to point out that a record surge in housing prices is not part of the current inflation readings. Failure to include housing prices in the reported inflation readings makes inflation appear less problematic than in the 1970s. But in reality, it is similar to the 1970s. That's because the economy (people and businesses) responds to actual or experienced inflation and not reported inflation.
Using the measurement practices of owners' housing costs of the 1970s would push the current consumer price inflation readings close to the double-digit gains last seen in the 1970s. That means the US is experiencing a more significant "inflation bubble" than is being reported or recognized by everyone. Investors forewarned.
https://www.zerohedge.com/economics/fed ... ion-bubble
Re: USD news
73The US Securities and Exchange Commission (SEC) was reported to have filed charges against a very profitable Ponzi scheme. More specifically, SEC has obtained the right to file charges against an advisor heavily involved in the scam.
The official press release that covered the story detailed that SEC obtains an emergency action to stop the scheme operated by one John Woods from Marietta, Georgia. The culprit was said to operate two entities. Livingston Group Asset Management Company and Horizon Private Equity, III LLC investment fund.
John Woods was accused of soliciting $110 million. The victims are said to be around 400 scattered in some 20 States.
The official press release that covered the story detailed that SEC obtains an emergency action to stop the scheme operated by one John Woods from Marietta, Georgia. The culprit was said to operate two entities. Livingston Group Asset Management Company and Horizon Private Equity, III LLC investment fund.
John Woods was accused of soliciting $110 million. The victims are said to be around 400 scattered in some 20 States.
Re: USD news
74Good news for the USD traders.
Worse for the US citizens.
https://www.wsj.com/articles/comptrolle ... 1632937029
Worse for the US citizens.
https://www.wsj.com/articles/comptrolle ... 1632937029
Re: USD news
75PayPal, the California based payment provider which services more than 400 million accounts worldwide, is looking for ways to let users trade individual stocks on its platform. According to recent reports, initially only US citizens will be allowed to do that, though I assume the service will become global eventually.
In order to offer stocks trading services to clients, PayPal will probably buy or partner with an operating broker and talks with potential companies are apparently already underway.
In order to offer stocks trading services to clients, PayPal will probably buy or partner with an operating broker and talks with potential companies are apparently already underway.
Fed Unveils New Rules Cracking Down On Officials' Trading
76Fed Unveils New Rules Cracking Down On Officials' Trading
Having seen numerous Fed officials caught with their hands in the cookie jar, including The Fed Chair himself, The Federal reserve has unveiled a new 'tougher' set of rules about what, when, and who can front-run their policy decisions.
The new rules will bar senior officials from purchasing individual securities and restrict investment activities to broad-based products such as mutual funds.
The rules will require Fed officials and senior staff to provide 45 days' advance notice for any purchases and sales of diversified investment vehicles, such as mutual funds.
Officials will also be required to obtain prior approval for any investment purchases and sales, and they will be required to hold investments for a minimum of one year.
Transactions won't be allowed during periods of "heightened financial market stress," the Fed said in a statement.
The new rules would apply to the system's 12 reserve bank presidents and the seven governors on the central bank's Washington-based board.
The rules go beyond what other government agencies require of senior leaders.
"These tough new rules raise the bar high in order to assure the public we serve that all of our senior officials maintain a single-minded focus on the public mission of the Federal Reserve," said Federal Reserve Board Chair Jerome H. Powell.
While this move does not ban trading, we would suggest that Senator Warren wins the first round...
https://www.zerohedge.com/political/fed ... ls-trading
Full Federal Reserve Statement: https://www.federalreserve.gov/newseven ... 11021b.htm
Having seen numerous Fed officials caught with their hands in the cookie jar, including The Fed Chair himself, The Federal reserve has unveiled a new 'tougher' set of rules about what, when, and who can front-run their policy decisions.
The new rules will bar senior officials from purchasing individual securities and restrict investment activities to broad-based products such as mutual funds.
The rules will require Fed officials and senior staff to provide 45 days' advance notice for any purchases and sales of diversified investment vehicles, such as mutual funds.
Officials will also be required to obtain prior approval for any investment purchases and sales, and they will be required to hold investments for a minimum of one year.
Transactions won't be allowed during periods of "heightened financial market stress," the Fed said in a statement.
The new rules would apply to the system's 12 reserve bank presidents and the seven governors on the central bank's Washington-based board.
The rules go beyond what other government agencies require of senior leaders.
"These tough new rules raise the bar high in order to assure the public we serve that all of our senior officials maintain a single-minded focus on the public mission of the Federal Reserve," said Federal Reserve Board Chair Jerome H. Powell.
While this move does not ban trading, we would suggest that Senator Warren wins the first round...
https://www.zerohedge.com/political/fed ... ls-trading
Full Federal Reserve Statement: https://www.federalreserve.gov/newseven ... 11021b.htm
Re: USD news
77Robinhood, the famous FX broker, was recently a victim of a major cyber attack. The firm publicly revealed that on its data security had been breached. The end result of the attack is the leak of millions of customers’ personal data. Currently, the broker commented that it is in the process of informing the affected users on the level of the breach.
Robinhood disclosed that around 5 million customers have had their emails obtained by the attackers, while another 2 million have had just their names taken. The dates of birth, zip codes, and additional personal details were acquired by the scammers of some 310 specific Robinhood users. A further 10 other customers have had ‘more extensive account details’ stolen.
Robinhood disclosed that around 5 million customers have had their emails obtained by the attackers, while another 2 million have had just their names taken. The dates of birth, zip codes, and additional personal details were acquired by the scammers of some 310 specific Robinhood users. A further 10 other customers have had ‘more extensive account details’ stolen.
Re: USD news
78Robinhood was targeted because they have next to no security. Bucket shop masquerading as a real platform. Go Apes. Until the rug gets pulled. Dummies.mlawson71 wrote: Sat Nov 13, 2021 1:18 am Robinhood, the famous FX broker, was recently a victim of a major cyber attack. The firm publicly revealed that on its data security had been breached. The end result of the attack is the leak of millions of customers’ personal data. Currently, the broker commented that it is in the process of informing the affected users on the level of the breach.
Robinhood disclosed that around 5 million customers have had their emails obtained by the attackers, while another 2 million have had just their names taken. The dates of birth, zip codes, and additional personal details were acquired by the scammers of some 310 specific Robinhood users. A further 10 other customers have had ‘more extensive account details’ stolen.
FX Street presented a wrong Fed Rate
80It was Fed Interest Rate Decision and the below appeared on FX Street : 
.
After about 2 minute they increase the Rate.
trading during important news release time always read the data from at least 2 different sources
After about 2 minute they increase the Rate.
