Danielle DiMartino Booth - In Fed Up, I pull back the curtain on the Fed and explain what really happened to the economy after that fateful December day in 2008, when interest rates were taken to the zero bound. I elaborate on how a cabal of unelected academics within the Federal Reserve
The US Federal Reserve, the Bank of England and the European Central Bank have become gargantuan, out-of-control, rogue hedge funds. Global central banks have magicked up hundreds of trillions of dollars in debt and guarantees. Worldwide stock-market valuations are stratospheric — buoyed by share buybacks, funded by record corporate debt and enabled by reckless central bank zero-interest-rate policies.
China's massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand
The Chinese are not alone in their impotence; it is condition widely shared across all the major central banks as a fact of those two hyphenated words – “credit-based.”
GERMAN finance minister Wolfgang Scháuble has hit out at the European Central Bank (ECB), reigniting a long-running squabble over eurozone economic policies.
The following is another biggy!! Today we got two trial balloons by Fed officials, Harker and Bullard. The Fed has always realized that it must unwind its balance sheet if […]
The signal was all too clear: the ECB is less willing and less able to reflate the eurozone.
And yes - these bank stocks are way over their skis relative to earnings expectations...
This won’t show up in the “official” data… because the official data is fiction. GDP numbers might as well be in a Harry Potter novel, they’re that inaccurate and ridiculous.
With the lowering of income taxes, there are many strategies to employ to bring income forward to now instead of waiting.
GUNDLACH: if the 10-year Treasury yield hits 3%, it would mark the end of the bull market in bonds.
Major central banks of the advanced economies have ended 2016 on another bang of fireworks of NIRP (Negative Interest Rates Policies).
UMich consumer sentiment faded in January and missed expectations (98.1 vs 98.5 exp). While inflation outlooks picked up modestly off record lows
The bank failed its so-called living will regulatory test of how the bank could unwind in a crisis scenario.
(But 91 Consecutive MONTHS of Wage Growth Below 3%!)
Bank of America warned that December retail sales could come in weaker than expected, when it looked at its internal credit and debt card spending data and found a 1.0% drop.
The US should "prepare for a military clash", a state run Chinese tabloid newspaper has warned. Less than 24 hours after US Secretary of State nominee Rex Tillerson appeared to call for a blockade of South China Sea islands, a strongly-worded English editorial in the Global Times accused the former Exxon Mobil chief executive of "rabble-rousing".
Russia and China will be taking further “unspecified” countermeasures to the U.S. plan to deploy an anti-missile system in South Korea, according to Chinese news agency, Xinhua.
Standard & Poor’s has downgraded Dallas’ credit rating over concerns about the struggling police and fire pension.
Renault SA became the latest victim of the fallout of Volkswagen AG’s diesel scandal after Paris prosecutors opened a preliminary probe into the French company’s vehicle emissions, wiping as much as 1.5 billion euros ($1.6 billion) from its market value.