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Good Evening: After a couple of weak rally attempts that failed last week, U.S. stocks were able to put together a decent rally on Monday and Tuesday before languishing today. Fears of both a punitive Chinese monetary environment and an overly restrictive U.S. regulatory environment have receded enough to enable shares to make [...]
Good Evening: After a couple of weak rally attempts that failed last week, U.S. stocks were able to put together a decent rally on Monday and Tuesday before languishing today. Fears of both a punitive Chinese monetary environment and an overly restrictive U.S. regulatory environment have receded enough to enable shares to make [...]
(The following remarks were originally delivered at the author’s swearing-in ceremony today) It is with considerable gratitude and not a little humility that I begin a second term as Chairman of the Board of Governors. I thank President Obama for the confidence he has shown in me by renominating me and the members of the Senate [...]
(The following remarks were originally delivered at the author’s swearing-in ceremony today) It is with considerable gratitude and not a little humility that I begin a second term as Chairman of the Board of Governors. I thank President Obama for the confidence he has shown in me by renominating me and the members of the Senate [...]
(This guest post originally appeared at New Deal 2.0) Roosevelt Institute Braintruster James K. Galbraith belongs to the most distinguished economists in the United States today. In the following exclusive interview that was conducted for New Deal 2.0 in the USA and MMNews in Germany, he talks about the financial / economic crisis and the phenomenon [...]
In the depths of the financial crisis in 2008 and 2009, the Federal Reserve launched an array of highly unconventional lending programs that placed the central bank in almost every corner of the financial system – from short-term commercial paper lending markets where blue chip companies get cash, to money market [...]
The view I have been forming of near-term inflationary pressures is that we’re seeing two very different dynamics in play, with the dollar prices of things the Chinese can stockpile and import going up and the dollar prices of everything else (like U.S. wages and rents) under significant downward pressure. The last week seemed [...]
In with a bang, out with a whimper. And so it goes for a series of emergency lending programs hatched by the Federal Reserve over the course of the worst financial crisis since the Great Depression. Monday saw the end of initiatives aimed at supporting various parts of the commercial-paper market, where companies get short-term financing, [...]
Dr. Peter T Treadway is an independent consultant and money manager and Adjunct Professor in Asia. He is currently is principal of Historical Analytics, a consulting and investment management. He pens a monthly letter (The Dismal Optimist) for clients. He is also Chief Economist for C T RISKS, a new Hong Kong company that will [...]
1) Veronica Navarro EspinosaCurbing Irrational Exuberance: Brazil Tax May Encourage More Measures, Dennis Says: Jan. 19 (Bloomberg) — Brazil’s success in curbing the rally in the real by imposing a tax on foreigners’ purchases of stocks and bonds is a “scary” and “dangerous” precedent, said Citigroup Inc. equity strategist Geoffrey Dennis. The success of the [...]