Operating at the Intersection of Technology and the Capital Markets
Month: September 2021
Fed Chair Powell's statement to be made Tuesday at 10:00am ET to the Committee on Banking, Housing, and Urban Affairs acknowledges that inflation may not be as "transitory" as the Fed initially thought. Powell's statement to the committee is below. Powell knew this would be the case months ago but the Fed will never admit … Continue reading Powell Acknowledges Inflation Could Persist Longer Than Anticipated
Earlier today Boston Fed President Eric Rosengren announced his September 30th retirement. This afternoon Dallas Fed President Robert Kaplan announced he will step down effective October 8th. We first wrote about the Fed's poor governance earlier this month. Chair Jay Powell's resignation would be the icing on the cake but that news is not forthcoming. … Continue reading The Second Domino Falls As Kaplan Steps Down From His Dallas Fed Post
The Atlanta Fed updated its model for Real GDP ("GDPNow"). The Atlanta Fed's 3.2% Real GDP estimate as of today is down from 3.7% as of September 21st. We have previously written that real GDP growth may very well be zero percent or even negative as we believe the Federal Reserve underestimates true price inflation … Continue reading Real GDP Growth Remains Muted
We recently wrote that it was outrageous for Fed officials to have traded equities as the Fed was doing deals with corporate issuers in 2020. One of the offenders - Boston Fed President Eric Rosengren - has been dealt with. The other direct offender was Dallas Fed President Robert Steven Kaplan. Frankly, Chairman Powell ought … Continue reading Boston Fed President Eric Rosengren Announces He Will Retire Sept. 30
We critique Fed Chairman Powell's recent FOMC YouTube clip comments (video below) by time stamp. 0:07 - The Fed continues to purchase Treasuries ($80 billion per month) and MBS ($40 billion per month), thereby artificially suppressing interest rates while inflating the money supply. The Fed's actions - increasing the money supply - are solely responsible … Continue reading A Fed Critique By Time Stamp
China today outlawed digital currency transactions as it ramps-up its digital Yuan effort. Our guess - as we previously wrote - is that the Fed will take similar action once it rolls out the digital USD. Read more about China's actions HERE. Related TEK2day reports & articles: article: A Digital Dollar Is Comingarticle: The Fed … Continue reading China Bans Crypto Transactions
Founded in 2017, Capital Markets Gateway ("CMG") is working to automate the IPO process, an effort that is long overdue. CMG was highlighted in today's WSJ. The firm's platform aggregates data from issuers, underwriters and investors and provides real-time information and analytics to users that otherwise would be aggregated, error checked and tabulated by hand. … Continue reading Automating The IPO Process
The Atlanta Fed's GDPNow estimate of 3.6% real GDP for Q3, down from 3.7% a week earlier provides the Fed with the narrative necessary to not taper MBS asset purchases (currently approximately $40 billion per month), nor Treasury purchases (approximately $80 billion per month). Investors ought to stick to quality names. In the face of … Continue reading Muted Real GDP Provides The Fed With Excuse Not To Taper. Stick To Quality.
We published our TEK2day Spotlight report - The Evolving Insurance Industry - a few weeks ago. We hosted a follow-up podcast episode with two of the SS&C Technologies (ticker: SSNC), executives that were involved with that effort. You may view the video podcast at the YouTube link below. If any difficulties, simply visit CEORater's YouTube … Continue reading TEK2day Podcast Ep. 441: Insurers & Alternative Asset Investing with SS&C Technologies
One would think Fed officials would have the common sense to not trade in stocks at a time when the Fed's heavy hand dominates the capital markets. Fundamentals have mattered little since April 2020 as a result of the Fed's ultra-dovish monetary policy. Yet as reported by the Wall Street Journal certain Fed officials engaged … Continue reading Fed Officials Trading Behavior Is Disappointing, Not Surprising
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