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Supply chain imbalances leading to higher inflation are expected to remain temporary, Federal Reserve's Vice Chairman for Supervision Randal Quarles s
State and Local Tax Cap May Be Here To Stay for the Highest Earners in High Tax StatesJun 28, 2021 - 11:47:18 PDT
High earners in high tax states cheered the news that relief from the state and local tax cap was being considered, but income thresholds will limit its scope.
Fed Vice Chair Quarles Casts Significant Doubt on Establishing a Digital DollarJun 28, 2021 - 11:43:52 PDT
Fed Governor Randal Quarles expressed skepticism about most arguments made in favor of a central bank digital currency.
Population-adjusted data shows a huge surge in retirements and that has the Fed concerned.
Jun 28, 2021 - 11:35:06 PDT
Let's explore the claim that Republican states ending benefits early has improved unemployment rates.
Jun 28, 2021 - 11:30:30 PDT
Boston Fed President Eric Rosengren told Yahoo Finance that a hot real estate market is not a sign for panic, but warrants close watching.
Jun 28, 2021 - 11:22:36 PDT
An unpleasant surprise for wealthy Americans was lurking halfway through a 114-page document released by the U.S. Treasury late last month.
Most headlines about the Fed’s open market committee (FOMC) announcement focused on the potential change in interest rates. What went largely ignored was that it will continue to purchase $120 billion in bonds every month.
Wall Street is once again in the midst of a "money heist" from naive investors. This time in the form of "woke activism" called ESG.
Although it conjures up scary imagery, shadow banking is simply a term for banking operations that occur through financial intermediaries that are not traditional commercial banks. The term was coined in 2007 by economist Paul McCulley and is related to the fact that standard banking regulations often do not apply to nonbank institutions (such as hedge...
Despite an unprecedented record of five felony counts from the U.S. Department of Justice since 2014, to which it admitted guilt, and the repetitional damage this has done to its brand, JPMorgan Chase’s asset management unit made the unusual decision last year to form a joint venture with an SFR (Single-Family Rental company) whose tenant complaints...
Austrian economists have a well-developed theory that explains the boom, bubble, bust, and recovery.
Yesterday, I talked about negative real mortgage rates and BB corporate yields. Now we have this little diddy: SKEW just surged. The SKEW index is a measure of potential risk in financial mark…
Not only is the 30-year mortgage rate in negative REAL territory, but the BofA BB High Yield Corporate Bond index REAL yield is negative too. What do you expect from Ma and Pa Meddle?
The unraveling of America's social order is accelerating, and denial will not save us from the consequences of the plundering of the social contract.
Here we go again! Talk of the so-called "debt ceiling" is back. Of course, shrinking the size and scope of government is not on the table. It never is. The federal government is $28 trillion in the red as it is. Why stop now? Well, logic, mathematics, economic laws, and all of recorded history indicate that the wrong road is being taken.
What lies in the decade ahead for much of the Western economies and indeed most parts of the world is a prolonged period of high inflation combined with an economic depression.
Financial Times writer Robert Armstrong asks: Is China an inflationary force now? His article Inflation, Made in China implies yes, but Armstrong presents two points of view.
U.S. households added $13.5 trillion in wealth last year, the biggest increase in records going back three decades.
U.S. Job Market Begins a ‘Weird Summer,’ With Choppy Recovery: BloombergJun 28, 2021 - 07:44:38 PDT
The U.S. labor market is entering one of its strangest summers ever, with a powerful economic rebound generating record demand for workers just as roadblocks distort employment and wage levels.