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QE Infinity: Ray Dalio Warns US Will See Another Round Of QE After TaperSep 21, 2021 - 12:44:03 PDT
Dalio took a break from talking his book when the subject of discussion turned to QE. At this, Dalio actually had something insightful to offer: once the Fed tapers, more QE will inevitably follow. That's because - as Dalio explained - more likely than not, once the Fed finally dials back the size of its balance sheet, it will simply function as a preamble for the next round of QE.
FedEx Corp. and rival United Parcel Service Inc are raising shipping rates for customers at the fastest pace in nearly a decade, which begs the question if inflation is not "transitory" but rather structural.
Mr White joined the Bank for International Settlements in June 1994 as Manager in the Monetary and Economic Department, and was appointed to the position of Economic Adviser and Head of the Monetary and Economic Department. Mr White began his professional career at the Bank of England, where he was an economist from 1969 to 1972...
Sep 21, 2021 - 11:08:52 PDT
“It’s really serious. There are three great crises before this: the Civil War, the Depression, and World War II. This is equal to it,” he said on Monday’s episode when asked about the direction the United States was headed.
“We are approaching a half-trillion dollar accounting fraud…this is just flat-out, bold-faced lying.” Join Mike Maloney as he uncovers what may be the biggest accounting fraud in history.
Misguided Petition Demanding Permanent Monthly $2,000 Stimulus Checks Nears Huge MilestoneSep 21, 2021 - 11:07:38 PDT
The federal government has already spent an astounding $42,000+ per federal taxpayer on ostensibly-COVID-related relief and spending programs. (Did you see that much in benefits?) Yet millions of Americans are evidently unsatisfied—and are demanding permanent $2,000 monthly “stimulus” checks.
Sep 21, 2021 - 11:03:12 PDT
ICn cities across China, the country’s central bank has begun rolling out the e-renminbi—an all-digital version of its paper currency that can be accessed and accepted by merchants and consumers without an internet connection, credit or even a bank account.
The pandemic resulted in global wealth taking a significant dip in the first part of 2020. By the end of March, global household wealth had already declined by around 4.4%.
There are many factors that show us that consumers and salaries are being eaten away by inflation, leading to an abrupt halt in the recovery. Autos and new home sales plunged, real disposable personal income has plummeted, and real median wage growth is lower than inflation.
The Dow dropped 614 points yesterday, its worst day since October 2020 — and most analysts blamed worries about Chinese real estate. That would seem an odd thing to be causing such fear and loathing in the US stock market, but don’t discount it — such seemingly unrelated spasms are often the spark of something far worse.
Despite promises of improved infrastructure and better disaster preparedness, governments and energy giants are failing to provide backup energy provisions to areas hit hard by extreme weather conditions again and again
Senate Majority Leader Chuck Schumer on Tuesday renewed his call for President Joe Biden to forgive $50,000 in student debt for all borrowers though executive action.
States across the US are looking to provide an extra economic boost to their citizens in tough times, with various forms of stimulus checks and benefits being prepared by governmen
Fed Faces Calls to Remove Officials Over Trades They Made While Setting Policy: WSJSep 21, 2021 - 09:03:08 PDT
Lobby groups Better Markets and Fed Up say Dallas Fed leader Robert Kaplan and Boston Fed leader should lose their jobs.
‘Legal plunder’ by the state leaves us poorer.
The World’s Central Banks Speed Up Digital Currency Moves Post-COVID, Moody’s: MWSep 21, 2021 - 07:53:50 PDT
The pace of digital currency (CBDCs) development by central banks around the world has accelerated since the start of the Covid pandemic, Moody's Investors Services said Tuesday. The debt research firm said a 2021 survey of central banks by the Bank for International Settlements (BIS) showed that 86% of respondents are actively researching the potential of ...
Cryptocurrencies continue to gain traction with investors around the world. Explore how leading countries are regulating the emerging asset class.
Many cryptocurrency projects are flouting investor-protection rules and deserve more scrutiny, a group of investor advocates told Securities and Exchange Commission Chair Gary Gensler in a Monday letter.
Deus Unveil Stopgap Funding Bill, Debt Ceiling Suspension: Goldman Warns of ShutdownSep 21, 2021 - 07:35:06 PDT
Moments ago House Democrats released the text of a long-awaited stopgap bill (link) that would suspend the U.S. debt ceiling until after the 2022 congressional elections and temporarily fund the government to avert a shutdown after the end of this month. Deus also set up a Tuesday vote on a bill which according to Goldman analysts will set the US on...
New tax laws by Democrats are on deck and in the books. And if you have an IRA or will inherit one, these changes may impact you in a huge way.