Has the Fed's misguided post-crisis monetary policy caused it to lose the ability to affect interest rates & inflation? Gerald O'Driscoll makes the case.
ll targets presume that such complexity can be overridden by static simplicity. Even Bretton Woods barely lasted a decade and a half because of modernity.
Barring trivial exceptions, sideline cash can never support asset prices for the simple reason for every buyer of equities there is a seller.
The Next World War Will Be Fought With Gold...
auto repossessions in the US are soaring with the exception of the "great recession" in 2008 & 2009, stand highest levels recorded in 20 years.
US Nonfarm Business Sector Output Per Hour Of All Persons YoY was just released for Q3 2016. It printed at … (drumroll) … 0% YoY. That is the third consecutive quarter of negative or zero growth YoY for Nonfarm productivity.
Eight years into unprecedented monetary & fiscal expansions, the U.S. economy remains sick to its core. Worse, the U.S. malaise is neither unique in the global setting, nor is it cyclical (or passing) in nature.
It hasn’t exactly been a blistering pace, but yields have trended upward for the past 4 months. Presently, the TYX is nearing a convergence of 2 trendlines around the 2.65% level that may slow down the rise, at least temporarily.
The slow growing global economy has sent “hot money” flooding into the USA, seeking higher yields.
The demographic shift behind the high-rent phenomenon.
The combined debt held by U.S. public pension plans will top $1.7 trillion next year, according to a just-released report from Moody’s Investors Services.
these slow-moving measures of persistent inflationary pressures have been rising for more than two years
The last four weeks have seen initial jobless claims rise over 7.7% (~19k), the fastest pace in 5 months, pushing to 265k, the highest level since the start of August. For context, while initial claims have been stable at near record lows this year, claims have not 'improved' since July 2015.
China’s debt growth rate has become the focus of some discussions and, fair enough, from comparing the outright levels, it may seem that China can collapse at any moment.
Venezuela's living conditions have deteriorated at an alarming rate, and now more violent skirmishes are popping up around the country.
business squeezed, the outlook is getting bleaker.
a sales scandal in which as many as 2 million accounts were opened without customer authorization.
The US Dollar continues to struggle despite the US Federal Reserve virtually assuring markets of a December interest rate rise.
Egypt took the dramatic step of allowing its currency to trade freely as it announced measures to stabilize an economy crippled by a dollar shortage that has raised concern about social unrest.
HSBC has admitted failings in controls at the Swiss private bank, but denied knowledge of wrongdoing.