- Central Bank Digital Currency, A Growth Or Financial Repression Tool?: Lacalle
It is basically another step in the effort to gradually get rid of physical currencies, with an idea of strengthening control of the payments and make it simpler to trace the use of a particular means of payment.
- 14 hours ago, 20 Oct 20, 5:41pm -
- Americans’ Trust in the Fed Keeps Falling
Americans' trust in the Federal Reserve fell again in October, with just 34% saying they have a fair amount or a great deal of trust in the central bank in the latest Axios/Ipsos poll.
- 14 hours ago, 20 Oct 20, 5:38pm -
- Fed’s Evans Says Recovery Could Stall Without More Fiscal Stimulus
“I am worried about the lack of fiscal support,” Evans said at a virtual event hosted by the Detroit Economic Club, adding that the prospect of no new relief “really makes me nervous” ...
- 14 hours ago, 20 Oct 20, 5:38pm -
- Top Experts Debate the Future of Monetary and Fiscal Policy After Covid
The response from policymakers to the coronavirus pandemic has raised questions about how to tackle economic crises in future.
- 15 hours ago, 20 Oct 20, 5:12pm -
- Escalating Debt Brawls Add to Headache for Distressed Companies
As the pace of large U.S. company bankruptcies stabilizes, escalating tensions between distressed companies, private equity owners and creditors signal more bruising Chapter 11 filings to come.
- 15 hours ago, 20 Oct 20, 5:11pm -
- AMC Warns Bankruptcy Is on the Table as Cash Runs Low
AMC has agreed to sell as many as 15 million shares of its stock, but equity in the company could soon be worthless if the largest theater chain in the world files for bankruptcy.
- 15 hours ago, 20 Oct 20, 5:06pm -
- Will the Stock Market Be Dragged to the Guillotine?
The Fed's rigged-casino stock market will be dragged to the guillotine by one route or another.
- 15 hours ago, 20 Oct 20, 4:50pm -
- Pelosi Reaffirms Same Position Of Last Three Weeks, Stimulus Remains In Stalemate
..."optimistic"...
- 15 hours ago, 20 Oct 20, 4:47pm -
- Sayonara U.S.A.: Pento
This means the saddest part of all is that the Japanification of the U.S. is actually the best outcome we can now hope for. The more likely eventuality will be the utter economic devastation coming from the implosion of the international bond market…
- 15 hours ago, 20 Oct 20, 4:43pm -
- Gold Swings as U.S. Stimulus Talks Approach Pelosi’s Deadline
Gold fluctuated before a Tuesday deadline for U.S. stimulus negotiations that may make or break chances for a preelection aid package.Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi will make one more effort to patch up differences b…
- 16 hours ago, 20 Oct 20, 3:30pm -
- Goldman: Even More Job Losses Coming As A Result Of M&A
Strategists at Wall Street mega-bank Goldman Sachs are predicting a wave of mergers and acquisitions that will lead to even more job losses than the economy has already sustained as a result of the pandemic...
- 16 hours ago, 20 Oct 20, 3:28pm -
- Desperate for a Stimulus Check, Millions of Jobless Americans Have Nearly Exhausted Their Savings
Jobless Americans' used up two-thirds of the saving they accumulated from the $600 unemployment benefit and stimulus checks in August, according to a...
- 17 hours ago, 20 Oct 20, 2:52pm -
- BlackRock Says Scale of Restructuring May Exceed 2008 Crisis
BlackRock Inc. says that the scale of restructuring needs globally could exceed the previous peak that followed the 2008 global financial crisis.“One big reason is the significant growth in sub-investment grade debt,” ...
- 17 hours ago, 20 Oct 20, 2:48pm -
- Goldman Poised to Pay More Than US$2 Billion in DOJ’s 1MDB Probe
Goldman Sachs Group has reached a long-awaited pact with the US DOJ to pay more than US$2 billion for the bank’s role in Malaysia’s 1MDB scandal, according to people familiar with the matter.
- 17 hours ago, 20 Oct 20, 2:43pm -
- The Next Economic Crisis: Empty Retail Space
Commercial real estate is in trouble, and turbulence in the $15 trillion market is threatening to bleed over into the broader financial system just as the U.S. struggles to emerge from a recession.
- 17 hours ago, 20 Oct 20, 2:34pm -
- EU’s First Social Bonds Smash Global Records for Debt Demand
The European Union’s first offering of social bonds drew orders of more than 233 billion euros ($275 billion), likely to be the biggest ever for any debt deal.
- 18 hours ago, 20 Oct 20, 2:25pm -
- Europe’s Riskiest Countries Find Debt Markets Wide Open: WSJ
Greece’s borrowing costs shrank to the tightest point relative to Germany since 2009, a flashback to before last decade’s debt crisis exposed fault lines across the Continent.
- 18 hours ago, 20 Oct 20, 2:12pm -
- DOJ to File Antitrust Lawsuit Against Google
The lawsuit will mark the first major antitrust lawsuit against a technology company since the DOJ's case against Microsoft in the late '90s.
- 18 hours ago, 20 Oct 20, 2:09pm -
- After 7 Months The Most "Bizarre" Divergence Is Over: Implications For Markets
"Given the negative correlation between real rates and equity, many investors are wondering if a potential rise in interest rates driven by real rates could weigh on risky assets."
- 18 hours ago, 20 Oct 20, 2:03pm -
- Inflation Comeback May Force Fed to Abandon Easy Money Policy Much Sooner Than Intended: Bianco
Bianco Research's James Bianco warns the economic backdrop could push the Federal Reserve to tighten and upset the stock market.
- 19 hours ago, 20 Oct 20, 12:45pm -
- Single-Family Housing Starts/Permits Soar To Highest Since 2007
If we build it, will they come?
- 19 hours ago, 20 Oct 20, 12:42pm -
- Robots Encroach on Up to 800 Million Jobs Around the World
Advances in automation technology threaten a significant share of jobs in industries accounting for nearly a quarter of the global workforce, according to Bloomberg Economics’ estimates.
- 19 hours ago, 20 Oct 20, 12:39pm -
- Powell Lays Out The Key Reasons Why The Fed Is Moving Toward Digital Dollars
"there are a number of ways CBDC might improve the payments system and include faster and cheaper transactions, addressing a decline in the use of physical currency, and reaching consumers who have been traditionally underserved by financial institut…
- 19 hours ago, 20 Oct 20, 12:30pm -
- Bank of England Policymaker Warns of Rising Economic Risks and Job Losses
Rolling coverage of the latest economic and financial news, as MPC member Gertjan Vlieghe says UK may need more stimulus to fight Covid-19 crisis
- 20 hours ago, 20 Oct 20, 12:22pm -
- ECB Goes Its Own Way in Mission to Revive Inflation
The European Central Bank’s quest for faster inflation is taking shape as it enters the next phase of its Federal Reserve-style strategic overhaul. One thing looks clear already — like their U.S. peers, policy makers are willing to temporarily to…
- 20 hours ago, 20 Oct 20, 12:19pm -
- BOJ to Cut Growth, Inflation Forecasts as Pandemic Pain Persists
Japan's central bank is expected to cut its growth and price forecasts for the current fiscal year at next week's rate review, sources familiar with its thinking said, as the coronavirus pandemic weighs on the economic recovery.
- 20 hours ago, 20 Oct 20, 12:19pm -
- Shoppers Plan to Visit Fewer Stores Than Ever This Holiday Season, Survey Says
Holiday shoppers want to visit fewer stores and finish their gift list in record time this year, a new survey from Deloitte found.
- 20 hours ago, 20 Oct 20, 12:11pm -
- The Dow Is Set to Rise 200 Points on Optimism a Stimulus Deal Can Be Reached Before Deadline
U.S. stock futures rose early Tuesday ahead of a deadline for a new fiscal stimulus deal from Washington.
- 20 hours ago, 20 Oct 20, 12:09pm -
- Coronavirus Live Updates: CNBC
The coronavirus has infected more than 40.25 million people globally as of Monday, killing at least 1.11 million people so far.
- 20 hours ago, 20 Oct 20, 12:08pm -
- Gold Is the Only Way Out for Central Banks
Gold is the perfect piggy bank – it's the anchor of trust for the financial system. If the system collapses, the gold stock can serve as a basis to build it up again.
- 1 day ago, 19 Oct 20, 8:05pm -
- Gold Prices End Higher as Investors Focus on Talks on Coronavirus Relief
Gold prices on Monday end higher to start the week, with talk of a last-ditch effort to strike a deal by U.S. lawmakers on a fresh round of fiscal relief...
- 1 day ago, 19 Oct 20, 8:03pm -
- Caught in a Debt Trap: Mauldin
In other words, we are in a debt trap. Our political process can’t reduce spending and/or raise taxes enough to balance the budget, so the debt grows and grows. As it does, paying the interest plus the accumulated debt load pulls more capital away…
- 1 day ago, 19 Oct 20, 8:00pm -
- Europe Must Not Delay Cash to Crisis Hit Economies, Lagarde Tells Le Monde
Europe must distribute its 750 billion euro recovery fund for the pandemic-hit economy promptly and should debate creating a permanent fiscal tool for the bloc, European Central Bank President Christine Lagarde told a French newspaper.
- 1 day ago, 19 Oct 20, 7:57pm -
- Fed’s Bostic Says Significant Portions of U.S. Recovery Are Weak or Nonexistent
t will be a while before the U.S. economy is fully recovered and before the Federal Reserve will raise interest rates or remove the support it is providing financial markets, Atlanta Federal Reserve Bank President Raphael Bostic said on Monday.
- 2 days ago, 19 Oct 20, 7:55pm -
- Dow Drops More Than 400 Points as Stimulus Uncertainty Grows and Coronavirus Cases Rise
Stocks fell to start the new week as hope for a potential deal on new U.S. coronavirus stimulus soured while Covid-19 cases are rising.
- 2 days ago, 19 Oct 20, 7:36pm -
- Time’s Up: After a Reprieve, a Wave of Evictions Expected Across U.S.
On Sept. 1, U.S. health officials announced they would suspend evictions across the United States to help stem further spread of the novel coronavirus.
- 2 days ago, 19 Oct 20, 7:33pm -
- IMF Chief Says ‘Much More Decisive’ Action Needed to Deal With Debt Problems
The head of the International Monetary Fund on Sunday called for significant steps to address the increasingly unsustainable debt burdens of some countries, urging creditors and debtors to start restructuring processes sooner rather than later.
- 2 days ago, 19 Oct 20, 7:19pm -
- Not A Cold War, China Is Using A Digital Currency Insurgency To Unseat The US Dollar: Forbes
In recent years the Chinese government has made a concerted effort to internationalize the yuan and challenge the US dollar for monetary supremacy.
- 2 days ago, 19 Oct 20, 6:51pm -
- MMT Is A Social Agenda, Not A Financial Solution
The subtitle of Stephanie Kelton’s book, The Deficit Myth, is “Modern Monetary Theory and the Birth of the People’s Economy”. The material in her book supports and encourage…
- 2 days ago, 19 Oct 20, 6:49pm -
- The One Chart Summary Of All That Is Wrong With The US Financial System: Deposits Over Loans
So much for "loans create deposits."
- 2 days ago, 19 Oct 20, 6:46pm -
- American Has $90,460 in Debt, Here’s How Much Debt Americans Have at Every Age
Gen X has the most debt, but millennials are catching up. CNBC Select reviews the average amount of total debt Americans have at every age so you can see how you compare.
- 2 days ago, 19 Oct 20, 6:43pm -
- An Emerging Markets "Doom Loop" Time Bomb Emerges, And Inflation Could Set It Off
"If you’re looking for future potential crises this is another sovereign-bank nexus similar to that grappled with in the Euro sovereign crisis."
- 2 days ago, 19 Oct 20, 6:39pm -
- Will Things Ever Go Back To Normal?
"Fast forward ten or twenty years and everyone forgets that the invasive powers we transferred to the state were ever temporary in the first place. Higgs is the intellectual champion we don’t deserve, but so desperately need. Let's just hope that I…
- 2 days ago, 19 Oct 20, 6:28pm -
- Economists Still Don’t Expect Things To Get Back To Normal Until At Least 2022, Survey Says: Forbes
Some 30 economists say there is a two-thirds probability that the economy wouldn’t be back to normal until 2022 or later—that’s essentially unchanged from what they were expecting in May, according to the most recent survey results from earlier…
- 2 days ago, 19 Oct 20, 6:26pm -
- Goldman Sachs Says Democratic Sweep Would Unleash ‘Substantially’ More Stimulus
The bank's chief economist, Jan Hatzius, wrote in a note that a large Democratic Senate majority could coordinate more Covid-19 relief, infrastructure spending and new minimum wage legislation.
- 2 days ago, 19 Oct 20, 6:19pm -
- Fiscal Stimulus May Not Be Enough to Boost Bank Stocks, Says J.P. Morgan
Even if a stimulus package does arrive, bank stocks are facing significant headwinds, according to a J.P. Morgan analyst
- 2 days ago, 19 Oct 20, 5:36pm -
- No, the Stock Market Isn't a "Leading Indicator" of Economic Prosperity
“STOCK MARKET UP ANOTHER 300 POINTS,” Trump tweeted on October 12, with characteristic overcapitalization. “GREATEST LEADING INDICATOR OF THEM ALL!!!” President Trump’s use of the stock market as an economic indicator is hardly unusual.
- 2 days ago, 19 Oct 20, 5:30pm -
- Worst Recovery Ever: To Soothe Investor Pain, Gov. Agency TSA Hypes Airline Stocks in PR Stunt
What the TSA said in its PR stunt and what it forgot to say.
- 2 days ago, 19 Oct 20, 5:16pm -
- The Fed Says the Federal Budget Is Unsustainable
Tuesday’s speech by Fed Chair Jerome Powell began with the usual nod to the pandemic for making life difficult for the masses, followed by the various pats on the back for the central bankers and what they have done in fighting the problems caused…
- 2 days ago, 19 Oct 20, 5:13pm -
- Printing Money at a "Constant" or "Stable" Rate Won't Prevent Boom-Bust Cycles
According to Milton Friedman, the key cause of the business cycles is the fluctuations in the growth rate of money supply.
- 2 days ago, 19 Oct 20, 5:13pm -
