Janet Yellen

Darkening Skies

Chris is busy finishing up a meaty report on the accelerating friction between the West and Russia, so I'm stepping in to make some quick notes on today's meaningful developments.

As PP.com readers know, we've been cautioning about a serious market correction for a long time. Valuations have been so far divorced from fundamentals for so long that we are frighteningly overdue for a drop — likely a large one — in asset prices.

Darkening Skies

PREVIEW by Adam Taggart

Chris is busy finishing up a meaty report on the accelerating friction between the West and Russia, so I'm stepping in to make some quick notes on today's meaningful developments.

Off the Cuff: The Fed Is Very, Very Scared

PREVIEW

by Adam Taggart

The Fed's Nightmare
- Bedlam will ensure if/when the market loses confidence
Age of Anomalies
- Fed-induced market distortions are shaking that confidence
Pump & Pray
- Does the Fed have any better game plan?
Central Planning Fault Lines
- Rifts among allies are increasing the risks

Off the Cuff: The Fed Is Very, Very Scared

PREVIEW by Adam Taggart

The Fed's Nightmare
- Bedlam will ensure if/when the market loses confidence
Age of Anomalies
- Fed-induced market distortions are shaking that confidence
Pump & Pray
- Does the Fed have any better game plan?
Central Planning Fault Lines
- Rifts among allies are increasing the risks

This week's podcast interview introduces a new monetary measurement developed by Alasdair Macleod: the 'Fiat Quantity of Money', or FMQ. Alasdair explains how FMQ is derived, as well as what it can tell us about the true levels of fiat money supply. In the case of the dollar, it reveals that levels are far above what is commonly appreciated – so far, in fact, that a currency crisis could arrive sooner than even many dollar bears expect.