The Fed did not create all the new money to help the poor & the middle class. They did it primarily to support the government debt machine, which they worried was on the verge of collapse in 2008.
The number of reluctant part-time workers is still higher than before the Great Recession
The U.S. retail industry is shedding jobs at an unparalleled pace outside of recession & stands to lose many more as the industry continues to shrink its physical footprint...
.... where it now joins both auto ($1.1 trillion)& student ($1.4 trillion) loans, both of which are well above $1 trillion as of this moment.
Banks need "twice as much" capital to address "too big to fail," which put U.S. taxpayers on the hook to bail out Wall Street firms during the 2008 financial crisis.
Trillions of dollars in negative-yielding bonds turn positive - International buyers may shift away just as Fed pares holdings
In Credit is more susceptible to an end to unconventional policies."
The anti-mafia journalist explains why he believes the UK is the most corrupt country on earth & why politicians across Europe are not prepared to tackle money laundering & organized crime.
Maybe, just maybe, the data are so depressing that both the electorate and politicians will wake up and realize something needs to change.
Bidding for Monday's $24billion in U.S. three-year Treasury notes was the weakest since 2009, resulting in the government having paying bond dealers & investors a higher yield than what traders had expected.
China has moved an estimated 150,000 troops to the border of the Democratic People’s Republic of Korea (a.k.a. North Korea) in order to prepare for “unforeseen circumstances.”
As of Friday, the ECB now holds €77.87 Billion, or ~12.39% ofthe €628.34 billion in European corporate bonds outstanding.
When you catch yourself musing, "I wonder where gold is headed today?" slap your own face back into reality.
Health-care debate and nuclear option leave lawmakers fuming, Government faces shutdown April 29 if lawmakers can’t agree
Credit Creation has replaced Savings as the primary source of funding for the US. This greatly increases the financial system's sensitivity to interest rates.
In America, 44 million people have student debt, and 8 million of those borrowers are in default.
Avoid putting up these red flags.
The hunt for taxes has continued to target Switzerland which the other governments blame for their own fiscal mismanagement.
Several banks have been fined more than £6 billion (US$7.44 billion) for letting submitters be influenced by requests from senior traders to manipulate their rates at the service of banks’ interests.
Wells Fargo’s board said Monday that it would claw back an additional $75 million in compensation from the two executives on whom it pinned most of the blame for the company’s sales scandal