- America’s Road Map to $40 Trillion National Debt by 2028
Watch out! At this very moment, professional economists of all stripes are making plans on your behalf. They’re dreaming and scheming new and innovative ways to spend your money long before you’ve earned it.
- 2 days ago, 18 Oct 19, 6:00pm -
- Welcome to the USSR: the United States of Suppression and Repression
We're all against "fake news," right? Until your content is deemed "fake news" in a "fake news" indictment without any evidence, trial or recourse.
- 2 days ago, 18 Oct 19, 5:51pm -
- The Ownership of Central Banks
David Bholat and Karla Martinez Gutierrez Around the world, central banks have a number of different ownership structures. At one end of the spectrum are central banks, like the Bank of England, th…
- 2 days ago, 18 Oct 19, 5:43pm -
- Confusion Around Fed’s Clarida Speech Throws off Investors
Clarida ended up throwing off bond investors on Friday who saw headlines suggesting the central bank had made a sudden tweak to how it would expand the U.S. central bank’s $3.6 trillion balance sheet.
- 2 days ago, 18 Oct 19, 5:31pm -
- The Repo Crisis, Jamie Dimon, and the Bloomberg News Mystery
Academics and historians who attempt to compare the epic Wall Street crash of 2007- 2010 to the next one that’s inevitably coming won’t be able to count on publicly available articles from Bloomberg News.
- 2 days ago, 18 Oct 19, 5:25pm -
- For The First Time Since The Crisis, Companies Spent More On Buybacks
...but it's all downhill from here.
- 2 days ago, 18 Oct 19, 4:42pm -
- Fed's Second "Not QE" T-Bill POMO Is 4.8 Oversubscribed
Why are banks still so desperate for liquidity even though the Fed has now made clear the Fed's balance sheet will expand to accommodate all reserve needs..,
- 2 days ago, 18 Oct 19, 3:34pm -
- The 3 Ways To Extract Money from Key Fundamentals of Property Markets
Once the positive reinforcing factors that were created from securitization and lack of accountability dissipated, the process began to reverse itself creating systemic and converging losses impacting both the real and financial economy.
- 2 days ago, 18 Oct 19, 3:30pm -
- Housing Bubble in Silicon Valley & San Francisco Bay Area Turns to Bust
Ironically, house prices dropped the most in Silicon Valley.
- 2 days ago, 18 Oct 19, 3:29pm -
- Afterpay Names Ex-Treasury Secretary Summers to U.S. Advisory Board
Companies like Afterpay let shoppers buy products and pay in installments without having to go through the scrutiny of applying for a credit card or a loan.
- 2 days ago, 18 Oct 19, 3:24pm -
- ECB's Draghi Warns of Bubble Risk in the Euro Zone
“The financial stability environment remains challenging, as the global economic outlook has deteriorated,” Draghi told fellow policymakers...
- 2 days ago, 18 Oct 19, 3:15pm -
- As Another Eurozone Recession Looms
The failure of austerity is clearer than ever...
- 2 days ago, 18 Oct 19, 3:04pm -
- Inflation Is Doomed to Fall in 2020: Saxo
The evolution of the Fed’s “underlying inflation gauge” confirms that inflation expectations are going in the right direction and that inflation is doomed to fall in 2020.
- 2 days ago, 18 Oct 19, 2:54pm -
- Japan's Inflation Hits 2-1/2-Year Low, Raises Stimulus Chance This Month
Japan's core consumer inflation slowed to near 2-1/2-year lows in September, dragged down by sliding energy prices and raising the chance the central bank will top up its already massive monetary stimulus at its review this month.
- 2 days ago, 18 Oct 19, 2:13pm -
- What Scares Investors Most About Negative Interest Rates: Howard Marks
Negative rates, in other words, are a classic known unknown. We know what they are. We don't really know what they do.
- 2 days ago, 18 Oct 19, 2:09pm -
- Recession Threat Lurks Behind Global Policymakers' Go-Slow Focus
From the Fed & the German Finance Ministry, to the People’s Bank of China, economic authorities have reacted with restraint to signs of spreading weakness worldwide.As officials gather in Washington...
- 2 days ago, 18 Oct 19, 1:25pm -
- Treasury Market Signals Fed May Need to Buy More Than Just Bills
Traders are signaling that the Fed may need to start buying more than just Treasury bills, moving further out the yield curve in order to assert greater control over its main policy rate.Treasury bills -- U.S. government securities maturing in one ye…
- 2 days ago, 18 Oct 19, 1:23pm -
- US/China Trade Conflict Poses Structural Risks to the Global Economy
Central Bank of Russia Governor Elvira Nabiullina said that if the trade war could be resolved “constructively and fast,” markets could treat the slowdown as cyclical.
- 2 days ago, 18 Oct 19, 1:20pm -
- There Is a Chance' the Cryptocurrency Could Present Systemic Risk
The Facebook executive behind the Libra blockchain project says its developers are designing the cryptocurrency under the assumption that it could grow large enough to present risks to the economy.
- 2 days ago, 18 Oct 19, 1:14pm -
- Why the Bull Market Won’t End with a Typical Crash: Ray Dalio
The U.S. and China may be nearing a tentative, partial trade agreement but the IMF’s new leader has warned even a comprehensive deal won’t be enough to boost global growth.
- 2 days ago, 18 Oct 19, 1:09pm -
- Fed Must Be ‘Aggressive’ to Boost Inflation in Low Rate World
A low interest rate environment sets limits on what the Federal Reserve can accomplish with monetary policy, making it important for the Fed to “proactively” cut rates when risks appear to provide a buffer for the economy, Chicago Fed President C…
- 2 days ago, 18 Oct 19, 1:08pm -
- Draghi Seen Locking In Three Years of ECB Policy for Lagarde
Most respondents said the ECB won’t raise interest rates until late 2022...
- 2 days ago, 18 Oct 19, 12:20pm -
- China's Quarterly Economic Growth Sinks to 26-Year Low Amid Us Trade War
China’s economic growth sank to a 26-year low in the latest quarter amid pressure from a trade war with Washington, adding to a deepening slump that is weighing on global growth.
- 2 days ago, 18 Oct 19, 12:18pm -
- Japan Government Downgrades Economy View as Global Slowdown Weighs
The downbeat estimation could lead to calls on the government to swiftly open its purse strings and add pressure to the Bank of Japan to ease monetary policy this month.
- 2 days ago, 18 Oct 19, 12:13pm -
- Credit Suisse to Start Charging Wealthy Clients for Cash Deposits
Credit Suisse (CSGN.S) will start charging wealthy clients with large cash deposits in Swiss francs, the latest Swiss bank to pass on negative interest rates to customers.
- 2 days ago, 18 Oct 19, 12:11pm -
- The Big Short(age of good news)
Yesterday, the International Monetary Fund released their updated World Economic Outlook. And, if investors were looking for any seeds of optimism,...
- 2 days ago, 18 Oct 19, 12:10pm -
- The Relevance of Gold as a Strategic Asset in Japan
Our analysis shows that adding 2.5%, 7.5% or 10% in gold over the past decade to the average Japanese pension portfolio would have resulted in higher risk-adjusted returns.
- 2 days ago, 18 Oct 19, 12:06pm -
- Uzbekistan Enters Top 20 Largest Gold Holders
According to the World Gold Council, Uzbekistan has entered the top 20 largest gold holders in September 2019, the local media reported.
- 2 days ago, 18 Oct 19, 12:00pm -
- Gold Edges up as Geopolitics Take Control of Trade
Investors managed to push gold higher Thursday instead of completely embracing risk, as doubts remained about whether the U.K. will get parliament ratification for its Brexit deal, but Turkey agreed to a ceasefire in Syria.
- 3 days ago, 17 Oct 19, 8:02pm -
- Sprott CEO Says Gold Pullback Not Surprising, Sees Trouble for Economy
Peter Grosskopf, Sprott Inc. chief executive officer, discusses the outlook for gold and the economy with Bloomberg's Shery Ahn and Amanda Lang on "Bloomberg Markets."
- 3 days ago, 17 Oct 19, 7:55pm -
- Why Global Investors Want Access to China's Gold Market
The Shanghai Gold Exchange has become the world's largest physical gold exchange less than 20 years after launching.
- 3 days ago, 17 Oct 19, 7:54pm -
- Ray Dalio Says the World Is in a 'Great Sag' and Echoes the 1930s
The hedge fund titan believes it is too late for central banks to reverse a global slowdown..
- 3 days ago, 17 Oct 19, 6:17pm -
- Why The Measure Of "Savings" Is Entirely Wrong
The problem today is not that people are not “saving more money,” they are just spending less as weak wage growth, an inability to access additional leverage, and a need to maintain debt service restricts spending...
- 3 days ago, 17 Oct 19, 6:13pm -
- Japan Extends Lead On China as Top Foreign Holder of Treasuries
Japan remained the biggest foreign owner of U.S. Treasuries in August as China’s holdings continued to drop.
- 3 days ago, 17 Oct 19, 6:09pm -
- Profit Warnings Plague Corporate China as Economy Worsens
After a bleak first half for corporate earnings in China, the current reporting season is bringing more grim news.About 44% of more than 1,200 firms that have given profit guidance for the third quarter predicted worse earnings than from a year earli…
- 3 days ago, 17 Oct 19, 6:03pm -
- America 2020 Through 2040...The Era Of The 80+ Year-Old
The implication for future employment is a drastic 70% deceleration of potential employment growth over the next two decades.
- 3 days ago, 17 Oct 19, 5:58pm -
- California Is in Big Trouble Again
Ten to 15 years ago, pundits liked to speculate that California was on the verge of becoming a failed state.
- 3 days ago, 17 Oct 19, 5:56pm -
- The Caveman’s Diary 2019: “Gold Good… Stocks Bad… Get More Gold”
A textbook in my Master of Psychology program theorized that most things in life come down to core drives—food, shelter, sex, etc. Throw in Freud’s pain and pleasure principals and this is supposedly what drives everything we do. We had a good ti…
- 3 days ago, 17 Oct 19, 3:46pm -
- Negative Interest Rates Can Boost the Economy, Fed Paper Says
A recession could theoretically prompt the Fed to eventually send rates into negative territory.
- 3 days ago, 17 Oct 19, 3:35pm -
- A Former Credit Suisse Banker Kept $45 Million in Bribes Hidden
Ex-Credit Suisse banker Andrew Pearse told a Brooklyn, New York jury Wednesday he hid $45 million in bribes for helping Mozambican businesses secure $2 bi...
- 3 days ago, 17 Oct 19, 3:15pm -
- Federal Debt Up $1.2 Trillion in FY 2019
The federal debt increased by $1,203,343,570,253.55 in fiscal 2019, according to data released by the U.S. Treasury Department. Borrowed $9,432 Per U.S. Household
- 3 days ago, 17 Oct 19, 3:03pm -
- Gold Prices Bounce as Investors Weigh Tentative Brexit Pact
Brett uncertainty, weak U.S. economic data support haven buying...
- 3 days ago, 17 Oct 19, 2:55pm -
- US Industrial Production Shrinks YoY For First Time Since Trump Elected
...US manufacturing output contracted 0.5% MoM in September (worse than the 0.3% decline expected), likely depressed by an autoworkers’ strike at GM, sluggish global demand, and the trade war.
- 3 days ago, 17 Oct 19, 1:49pm -
- Fed Injects $104.2BN Via Overnight, Term Repos "Not A QE"
Why are banks so scared of lending money to each other - now that JPM's previously discussed reticence is also spreading to smaller banks - and choose to park their money with the Fed instead? What do they know that we don't.
- 3 days ago, 17 Oct 19, 1:08pm -
- Housing Starts, Permits Plunge In September
The report reflects some cooling as starts pull back from the best pace since 2007 the prior month.
- 3 days ago, 17 Oct 19, 12:56pm -
- German Government Cuts 2020 Growth Forecast as Slowdown Persists
Chancellor Angela Merkel’s government cut its 2020 growth forecast as Europe’s biggest economy expects the pinch from waning global demand...
- 3 days ago, 17 Oct 19, 12:55pm -
- IMF: The World's Financial System Is Even More Destructive Than in 2008
The Telegraph: The world’s financial system is more stretched, unstable, and dangerous than it was on the eve of the Lehman crisis.
- 3 days ago, 17 Oct 19, 12:39pm -
- The Greatest U.S. Dollar Squeeze is ‘Loading’
According to some analysts the trade war is a distraction from what's actually going on, which is a U.S. Dollar shortage globally.
- 3 days ago, 17 Oct 19, 12:29pm -
- The World Is Slowing Like in 2008, but Without the Collective Response
India’s Finance Minister warned about a repeat of the 2008 financial crisis in the face of a global economic slowdown, saying that governments had yet to find a synchronized “planned” response to a pullback in major economies.
- 3 days ago, 17 Oct 19, 12:26pm -
- Brexit: EU and UK Reach Deal but DUP Refuses Support
The DUP has said it will not vote for the deal, potentially scuppering it.
- 3 days ago, 17 Oct 19, 12:24pm -
