The sold-out Jackson Hole Summit, which seeks to be a conservative counter-balance to the Kansas City Federal Reserve’s Jackson Hole Symposium, kicked off with a fascinating history lesson by a Director of the Council on Foreign Relations on how the Bretton Woods Conference at the end of WW II led to the massive monetary expansion of Federal Reserve and impoverishment of America.
You might think, as many investors do, that a loss of confidence in Beijing caused the Chinese market rout, but Beijing thinks you’ll find the real culprits along the banks of the Potomac.
Republican presidential candidate and former Arkansas Governor Mike Huckabee declared “We now seem to be more interested in stabilizing Iran than we are America” on Monday’s “Your World with Neil Cavuto” on the Fox News Channel. Huckabee said that President
GOP presidential candidate Carly Fiorina weighed in on the market crash and what can be done to stop the sell off that’s occurring.
Teenage jobs are about to suffer as Mexico’s looming financial crisis is about to accelerate illegal immigration.
A new study from the New York Federal Reserve faults the federal government’s policy of boosting aid to families in recent decades to make college education more affordable, because it enabled institutions to raise tuitions much faster than inflation.
The Federal Reserve’s action Monday means the eight banks together will be required to shore up their financial bases with about $200 billion in additional capital.
It was a very deep depression, as deep as the one that succeeded in 1929. But in this case, the government did not intervene, and it was over in less than two years. Was this a coincidence? Grant does not think it was. He believes, as this writer does, that present government interventions have deepened our current economic malaise and are retarding a full recovery.
International reserves, which measure global savings available for financial market investment, have fallen twice this century: once in the first quarter of 2009, and once in the fourth quarter of 2014. That most recent reserve drop is causing some analysts to warn that conditions for a crash may be building.
I must admit I was appalled to hear of Treasury Secretary Jack Lew’s decision last week to demote Alexander Hamilton from his featured position on the ten dollar bill. My reaction has been widely shared, see for example here, here, here, here, and here.
Investors anxiously await Federal Open Market Committee (FOMC) minutes, like the details of the April 28-29 meeting released Friday. But despite the Fed’s monetary policy purchase of $4 trillion in bonds to drive interest rates to near zero, Fed Chairman
Many experts reckon the first cyberwar is already well under way. It’s not exactly a “cold war,” as the previous generation understood the term, because serious damage valued in millions of dollars has been done, and there’s nothing masked about the hostile intent of state-sponsored hackers. What has been masked is the sponsorship.
Federal Reserve Chairwoman Janet Yellen recently joined the rising chorus of economists and former Fed officials warning about the risks of irrational exuberance by bond and stock investors paying bubble-inflated prices. Conspicuously silent about the risks of stock investing over the last 6 years, Yellen’s comments quickly tanked the bond market. But with the NASDAQ tech-heavy index up 500% since the bottom of the last crash, Yellen seems to be warning this bubble could pop.
With University of California tuition more than doubling in the last decade, about two-thirds of Californians now rate affordability at America’s largest public college system as poor. Despite Federal Reserve warnings about default risks for student loans, the UC system intends to raise tuition by 5 percent next year and 21.5 percent over the next 5 years.
Farmland prices that had been enjoying a 28-year bull market finally turned down in 2014. Despite real estate, stocks, bonds and commodities crashes over the period, farmland had never had a down year since 1986. However, the Wall Street Journal has reported that farmland suffered a loss of 3 percent last year, “reflecting a cooling in the market driven by two years of bumper crops and sharply lower grain prices, according to Federal Reserve.”
Calling Sen. Rand Paul’s rhetoric regarding the Federal Reserve “dangerous and irresponsible,” the Wall Street-backed establishment GOP is pushing back on what’s become a Paul talking point.
The Federal Reserve has declared economic growth “solid.” But several new reports show most Americans are treading along a dangerous financial tightrope, where one slip could be devastating.
After six years of Obamanomics, Federal Reserve Chair Janet Yellen is still citing “stagnant wage growth as a sign of continued problems in the labor market,” and the immediate future isn’t looking much better.
