The U.S. Federal Reserve is no stranger to allegations of ethical lapses, as we have reported in “Bankster Bandits Get Richer Playing the Inside Track” (14 Sep 2021) and “Fed’s Bankster Bandits Get Free Ride” (22 Sep 2022).
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Oct 25 2022
AIR TRAVEL REMAINS STRONG AS A “NEW NORMAL” EMERGES, CARRIERS SAY
After the traditional summer travel season ended, airline bookings remained strong, airlines reported. Instead of sales drying up between Labor Day and Thanksgiving, people kept flying in September, United Airlines said.
MORTGAGE APPLICATIONS, HOME SALES TANK AS MORTGAGE RATES EDGE UP
During the week ending 14 October, the number of applications for home mortgages fell 38 percent from the same week a year earlier to their lowest since 1997, the Mortgage Bankers Association said.
SPECIAL REPORT: GOVERNMENT OFFICIALS GET RICHER ON THE JOB WHILE ETHICS OFFICES SIT AND WATCH
Government officials working on measures to stem the COVID infestation made well-timed, highly profitable financial trades as markets fell as the COVID War began and again later as markets rallied, according to a Wall Street Journal investigation.
RETAIL INVESTORS HOLD CASH WHILE WAITING OUT MARKET CHAOS
After exiting equity markets during this year’s chaotic stock sell-off, individual investors transferred $155 billion into money market funds so far this year to take advantage of rising interest rates while stock markets settle down, the Financial Times reported.
FED OFFICIALS MULLING A SLOWER PACE OF RATE INCREASES
All indications are signaling that the U.S. Federal Reserve will add another three-quarters of a point to its key interest rate when its Open Market Committee meets next week.
MARKETS BETTING FED WILL RAISE RATE TO 5 PERCENT NEXT YEAR. WE DISAGREE
Speculators in the interest rate futures market are pricing in a belief that the U.S. Federal Reserve will raise its key interest rate to 5 percent by next May as inflation proves stubbornly hard to slow, the Financial Times reported.
ECONOMIC UPDATE – MARKET OVERVIEW
As we have long reported, and as the facts and data prove, from the Fed Banksters, to arrogant “government officials” to low-life “lawmakers” (i.e. political pieces of crap), the equity markets are a rigged game that the “insiders” get rich playing.