The Sy Hersh effect: killing the messenger, ignoring the message

Three Fed Officials Explain Why They Dissented, Blasting Fed's "Easing Bias" This morning, three Fed officials said they dissented over this week’s policy statement because it was no longer appropriate to signal the Fed’s next move was still likely to be an interest-rate cut. “I believe the FOMC should offer a policy outlook that signals that the next rate change could be either a cut or a hike, depending on how the economy evolves,” Minneapolis Fed president Neel Kashkari said in an essay released on Friday morning. “This could tighten financial conditions somewhat today,...

Israeli forces killed at least two Palestinians in Gaza on Wednesday, a day before President Trump will convene the so-called “Board of Peace,” which is meant to oversee the ceasefire that the IDF has constantly violated. According to an Al Jazeera correspondent, a child was killed by an Israeli drone in northern Gaza when it […]

Stablecoins And The Rebasement Of The Dollar Authored by Lance Roberts via RealInvestmentAdvice.com, The “fiat is dying” argument has become a catchphrase narrative among digital asset bulls, gold bugs, and cryptocurrency advocates. That narrative’s core is that central banks have printed vast amounts of money. The “money printing” has led to currency debasement and rendered the U.S. dollar obsolete. We discussed this “debasement” narrative previously. The narrative is seductive: inflation is out of control, the government is printing money, and the dollar is on its last legs. But while there are real risks to watch, most headlines sell fear...