RISING INTEREST RATES - LAYOFFS - STOCK MARKET FALLS - BANKS WONT LEND

No Fed official expects interest rate cuts. Layoffs and job cuts will deepen. The stock market has considerably more downside to go, the inevitable hangover from the biggest asset bubble in U.S. history, and banks won't lend.Show more

▶ TIME STAMPS

00:00 Intro
00:32 FOMC December Meeting Notes
1:17 Rising Interest Rates
5:45 Stock Market Falling
8:20 Banks Not Lending
11:45 Outro

▶ VIDEO NOTES

No Fed official expects interest rate cuts will be appropriate this year, minutes show

Officials want a lot more evidence before they will be confident inflation is coming down

None of the 19 top Federal Reserve officials expect it will be appropriate to cut interest rates this year, according to the minutes of the central bank's December policy meeting released Wednesday.

Fed officials welcomed recent inflation data that showed reductions in the monthly pace of price increases, but wanted to see a lot more evidence of progress to be convinced inflation was on a sustained downward path, the minutes said.

Meanwhile, we continue to carry a large SPY short position, as I believe the major indexes—although not all individual stocks—have considerably more downside to go, the inevitable hangover from the biggest asset bubble in U.S. history. Stated simply, there’s no way an “everything bubble” built on 0% interest rates and $120 billion/month in quantitative easing can not implode when confronted with near-5% rates and $90 billion a month in quantitative tightening.

Click here to read the article - https://www.zerohedge.com/news/2023-01-04/markets-have-considerably-more-downside-2023

Kentucky warns BlackRock, JPMorgan Chase over ‘energy boycotts’
The state of Kentucky is warning financial institutions including BlackRock and JPMorgan Chase to back off from boycotts of fossil fuel companies.

Click here to read the entire article - https://www.foxbusiness.com/markets/kentucky-warns-blackrock-jpmorgan-chase-over-energy-boycotts

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