- Abenomics has Failed Japan. Financial Times Wants to Make it Global
A recent article in the Financial Times, “Abenomics provides a lesson for the rich world,” mentioned that the experiment started by Prime Minister Shinzo Abe in the early 2010s should serve as an important warning for rich countries.
- 2 days ago, 6 Dec 19, 8:10pm -
- The Federal Reserve Wants Make It Easier to Approve Personal Loans
‘The agencies recognize that use of alternative data may improve the speed and accuracy of credit decisions,’ they said in a joint statement.
- 2 days ago, 6 Dec 19, 7:05pm -
- Fed Hasn't Expanded Its Balance Sheet At This Speed Since The 2008 Crisis
... QE4 is coming. The Fed would rather have a cushion of ample reserves against unexpected repo market blow ups than react retroactively with $trillions/month of open market operation purchases.
- 2 days ago, 6 Dec 19, 7:05pm -
- Jobs Surge in Strike-Ending and Seasonal Adjustment Rebound
Jobs rose far more than expected in a rebound from GM strike end and seasonal adjustment factors.
- 2 days ago, 6 Dec 19, 6:53pm -
- Is Inflation Really Under Control?
Using unrealistically low inflation assumptions leads to misguided policy decisions and perpetuation of the myth that inflation is under control...
- 2 days ago, 6 Dec 19, 6:49pm -
- Globalization in a Sudden and Sharp Decline
There appears to be a correlation between globalization and the raw level of GDP, Breitholtz explained. Historically, as globalization progresses, GDP drops. This may be a coincidental occurrence...
- 2 days ago, 6 Dec 19, 6:08pm -
- World Food Prices Surge in November, Lifted by Meat, Vegetable Oils
The meat price index registered its largest month-on-moth increase since May 2009, rising 4.6 percent from October to 190.5 points, with beef and sheep meat rising most strongly...
- 2 days ago, 6 Dec 19, 6:03pm -
- End of Imaginary Stimulus May Be a Real Risk to Markets in 2020
The Fed may be inadvertently setting the stage for more market turmoil in 2020 because it can’t persuade investors to ignore its multitrillion-dollar balance sheet.The Fed’s withdrawal from “non-QE” is the biggest risk facing investors next y…
- 2 days ago, 6 Dec 19, 5:37pm -
- Bond Rout That Didn’t Happen in Japan Casts Stimulus Doubt
A stimulus package worth more than $200 billion would have led to a bond rout in any market. Not in Japan, where the yield curve held at its flattest level in three months...
- 2 days ago, 6 Dec 19, 5:33pm -
- ‘Fake Ebitda’ to Worsen Next Slump, $33 Billion Debt Maven Warns
Inflating Ebitda distorts the loan-to-value ratio that guides the $2.9 trillion market for junk bonds and loans in the U.S. and Europe,...
- 2 days ago, 6 Dec 19, 5:27pm -
- Fed V.P. Grilled at Hearing on Billions in Fed Loans to Wall Street
House Financial Services Committee hearing delved into why the Federal Reserve is showering Wall Street’s trading houses with super cheap loans on the pretext that it’s simply part of the Fed’s routine monetary operations.
- 2 days ago, 6 Dec 19, 4:33pm -
- The Fed Detests Free Markets 2: The Automatic Earth
"End The Fed" is no longer enough. Societies need to develop emergency measures to counter the damage done, or face unrest and revolution.
- 2 days ago, 6 Dec 19, 4:13pm -
- Gundlach Gives Fed's Powell Less Than a 'C', like a Losing NFL Coach
If the United States went negative with Japan negative and with Europe negative, I think it would be fatal to the global banking system.
- 2 days ago, 6 Dec 19, 3:46pm -
- Kudlow: Trade Deal Is Close, Trump to 'Walk Away' If Conditions Not Met
"The president has said many times if the deal is no good ... we will not go for it. We will walk away," Kudlow said.
- 2 days ago, 6 Dec 19, 3:25pm -
- Here Is The Main Reason For Today's Blockbuster Jobs Report
54K manufacturing workers were added in November, the most in over two decades, or since 1998, as a result of about 41K GM striking workers returning to their jobs.
- 2 days ago, 6 Dec 19, 3:19pm -
- Central Banks Set to Keep Pumping Out Cash Through 2020
Major central banks are set to keep pumping money into financial markets and economies next year...
- 2 days ago, 6 Dec 19, 2:35pm -
- Fed Voters a Less Hawkish Bunch in 2020, Lowering Bar for U.S. Rate Cut
The bar for cutting U.S. interest rates may get a little lower next year when a new crop of central bankers rotate into voting spots on the Federal Reserve’s policy-setting panel ...
- 2 days ago, 6 Dec 19, 2:04pm -
- November Payrolls Smash Expectations: 266K Jobs Added
As Wage Growth Comes In Hot. "there are still risks to the Fed outlook - from the president’s trade war with China in particular - but for now it’s hard to argue with Powell’s view that monetary policy is “in a good place” as well as the e…
- 2 days ago, 6 Dec 19, 1:52pm -
- Mortgage Rates Hold Steady, but Economists Say Don’t Expect It to Last
Mixed economic data meant that interest rates on home loans remained unchanged this week
- 2 days ago, 6 Dec 19, 1:44pm -
- Wave Goodbye to Libor. Welcome Its Successor, SOFR.
More than $370 trillion of existing financial contracts are pegged to Libor worldwide; of those, roughly $200 trillion are denominated in U.S. dollars and need to be addressed immediately...
- 2 days ago, 6 Dec 19, 1:42pm -
- Repo Madness Hits Wall Street
CNBC's Steve Liesman looks at the Fed's balance sheet and parses the 'repo madness' that's hit Wall Street.
- 2 days ago, 6 Dec 19, 1:38pm -
- France Braces for More Chaos as Strike over Pensions Reform, Day Two
An estimated 806,000 people across France took part in demonstrations on Thursday against President Emmanuel Macron's proposed pension reforms.
- 2 days ago, 6 Dec 19, 12:46pm -
- German Industrial Production Crashes By Most In A Decade
Global growth trough narrative collapses...
- 2 days ago, 6 Dec 19, 12:37pm -
- Asian Governments Step Up Stimulus as Economic Growth Stalls
“We’re going to see more of this,”...
- 2 days ago, 6 Dec 19, 12:35pm -
- RBI Did the 'Wrong Thing' by Not Cutting Interest Rates, Mark Mobius
The Reserve Bank of India surprised markets by keeping its repo rate — the rate at which it lends to other banks — unchanged at 5.15%.
- 2 days ago, 6 Dec 19, 12:31pm -
- "The End of Fiat Money": Jim Reid, Research Strategist, Deutsche Bank
First Chapter of Deutsche Bank's "Imagine 2030 — the decade ahead" report is called "The End of Fiat Money"?
- 2 days ago, 6 Dec 19, 12:30pm -
- The $3.7 Trillion Corporate Debt Question
About half of all issued corporate bond debt is rated triple-B, the lowest score for investment-grade debt. Analysts say all this debt could be a mess in the making, especially if the economy enters a recession. WSJ's Gunjan Banerji explains.
- 2 days ago, 6 Dec 19, 12:11pm -
- Why America's Small Manufacturers Are Becoming More Pessimistic
Group of small business owners is becoming more pessimistic about America’s economy — small business manufacturers.
- 2 days ago, 6 Dec 19, 11:51am -
- 8,000 Bars of WWII Gold Returned to Poland
Eight thousand gold bars, worth around €4.5bn, have been returned to Poland from London after being spirited from the Eastern European country at the start of World War II.
- 3 days ago, 5 Dec 19, 9:40pm -
- Gold and Silver Price Outlook Remains Steady Ahead of US Economic Data
Friday will see the US Labour Department unveil its employment data, with analysts predicting that job’s numbers will miss the mark. Traders will also be paying close attention to the key non-farm payroll number which is expected to come in at arou…
- 3 days ago, 5 Dec 19, 9:35pm -
- ‘Don’t Fall Asleep on Gold’ as It Gears up for Another Run
“We don’t want you to fall asleep on gold, the charts are too good,” deGraaf said. “A drop in extreme sentiment during a period of consolidation as the overbought condition works off after breaking out of a large basing pattern is exactly the…
- 3 days ago, 5 Dec 19, 7:12pm -
- October Trade Deficit at $47.20B
The U.S. monthly international trade deficit decreased in October 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $51.1 billion in September (revised) to $47.2 billion in October
- 3 days ago, 5 Dec 19, 7:09pm -
- Trump Orchestrates the Stock Market’s Rise Whenever Momentum Wanes
Price action, internal momentum and volume aren’t great, but that doesn’t matter when the president wields his baton.
- 3 days ago, 5 Dec 19, 6:59pm -
- This $1.2 Trillion China Bond Market Is Studded With ‘Fakes’
One corner of China’s bond market is offering yields that seem too good to be true. And, indeed, it’s permeated with “fakes.”Since 2009, off-balance-sheet shell companies set up by Chinese municipalities have been selling debt...
- 3 days ago, 5 Dec 19, 6:47pm -
- Most Rapidly Growing U.S. Debt Category (You May Be Surprised)
The financial press serves up a lot of articles on student loan, credit card and auto loan debt.But none of those are the fastest growing U.S. debt category. That distinction goes to personal loans.
- 3 days ago, 5 Dec 19, 6:24pm -
- The Impossibility of Negative Rates
The economics discussion would be greatly enhanced if it were better understood that underlying all spending, selling, saving, lending, borrowing, and investing is an exchange of products, services or labor.
- 3 days ago, 5 Dec 19, 5:44pm -
- Bull Markets Often End with a Euphoric Rally Called a 'Blow off Top'
The stock market's poor start to December halted the kind of euphoric rally that has marked the end of past bull markets.
- 3 days ago, 5 Dec 19, 5:43pm -
- Who Will Be the King of Digital Currency?
From a hands-off approach to a gradual embrace, central banks are fighting a pitched battle to assert their digital monetary supremacy
- 3 days ago, 5 Dec 19, 5:33pm -
- Illinois' Unfunded Pension Liability Rises to $137.3 Billion
The increase was fueled by actuarially insufficient state contributions and lower-than-expected investment returns...
- 3 days ago, 5 Dec 19, 5:25pm -
- Hiring Trends in Recessions by Size of Firms
Medium-sized firms show the steepest reactions in recessions and recoveries. Recession comparisons to 2007 stand out.
- 3 days ago, 5 Dec 19, 5:23pm -
- Dimon’s View Of Economic Reality Is Still Delusional
With the slowest average annual growth rate in history, it is hard to suggest the economy has been the best it has ever been.
- 3 days ago, 5 Dec 19, 5:17pm -
- Inflation Is Coming
All the Trends That Were Deflationary Are Slowly Going in Reverse. But of all potential economic outcomes, the one least anticipated and least priced in, is an uptick in inflation.
- 3 days ago, 5 Dec 19, 5:15pm -
- Costs Are Spiraling Out of Control
And how do we pay for these spiraling out of control costs? By borrowing more, of course.
- 3 days ago, 5 Dec 19, 4:43pm -
- ‘Free Money’ Could Spark Crisis
If a crisis erupts it will be due to high national debt, primarily in the US, Japan and UK, as well as the liquidity pumped into the global system over the last decade.
- 3 days ago, 5 Dec 19, 4:32pm -
- This Depressing Chart Shows Wealth Gap Between Millennials and Boomers
The Federal Reserve estimates that more than a third of the 45 million Americans burdened by that debt are under 30.
- 3 days ago, 5 Dec 19, 4:23pm -
- Hospitals Sue Trump to Keep Negotiated Prices Secret
The nation’s hospital groups sued the Trump administration on Wednesday over a new federal rule that would require them to disclose the discounted prices they give insurers for all sorts of procedures.
- 3 days ago, 5 Dec 19, 4:17pm -
- HSBC to Bring in Single Overdraft Rate of 40%
The move will as much as quadruple the rate it charges some customers.
- 3 days ago, 5 Dec 19, 4:17pm -
- Treasury Secretary Mnuchin Warns of New Global Taxes
Treasury Secretary Steven Mnuchin voices opposition to the OECD about the recent introduction of digital services taxes.
- 3 days ago, 5 Dec 19, 4:10pm -
- Russian Hackers Evil Corp. Charged By Federal Prosecutors for Bank Fraud
Officials say Evil Corp. developed and distributed a type of malware that infected computers around the world and harvested banking credentials in order to steal some $100 million.
- 3 days ago, 5 Dec 19, 3:48pm -
- US Factory Orders Contract YoY For 3rd Straight Month
This is the 3rd straight month of annual declines (and 5th of the last 6 months).
- 3 days ago, 5 Dec 19, 3:35pm -
![Hong Kong: Thousands gather at the largest march in weeks [STREAMED LIVE]](https://i4.ytimg.com/vi/cSuS6zHVL-Q/hqdefault.jpg)
