Fed leaks lead to billions on Wall Street balance sheets

My collegue at The New York Post, John Crudele, wrote on Monday about how the New York Fed President Bill Dudley, back in 2011, was meeting with the Street during “quiet periods” at the Fed. Crudele FOIAed Dudley’s calendar to see who is was lunching with during the tumultuous time in 2011.The quiet period is […]

Conspiracy of Dunces: Central bank manipulations in crisis

On Monday we discover further evidence that the Bank Of England in 2008 was pressuring banks to manipulate the LIBOR rates lower as a result of the financial crisis. At the time Mervyn King was the Governor of the Bank of England and his staff were said to be questioning UK banks — including Barclays […]

Trump’s Syrian bombing wakes quiet markets

The Trump Administration’s launch of 59 Tomahawk missiles into Syria Thursday night, sent shivers through the energy markets. The strike on an airfield believed to be housing sarin gas was the first deliberate attack on Syria was in respond to the killing of 70 people with the gas allegedly done by Syrian President Bashar al-Assad […]

Retail woes spread across all price points

Because of yesterday’s monumental news the Richmond Fed President Jeffrey Lacker immediately resigned for leaking Fed information before it was released, I did not write on two huge developments in US retailing that point to the troubling economy. Ralph Lauren — the iconic US retailer — is closing its flagship Manhattan store on 5th Avenue […]

You must remember this a Fed leak is just a leak, on that you can rely

“I’m shocked, shocked to find that gambling is going on in here!” says Captain Renault in “Casablanca”. Richmond Fed President Jeffrey Lacker resigned immediately yesterday after confessing he leaked Fed meeting information to a hedge fund  advisory firm days before the minutes from a previous meeting were to be released in Oct. 2012. The firm, Medley […]