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Jpmorgan Pledges $2.5 Trillion over the Next Decade toward Climate ChangeApr 15, 2021 - 05:14:24 PDT
JPMorgan will invest trillions over the next decade in long-term solutions tackling climate action and social equality.
Federal Reserve officials are just as worried about an inflation rate that runs too cold as one that runs too hot.While rising prices are in the spotlight now as the economy reopens and demand surges, the longer-run trends that have suppressed costs globally could re-emerge as the pandemic ends, some policy makers warn
U.S. Housing Market Is Nearly 4 Million Homes Short of Buyer Demand: WSJApr 15, 2021 - 05:11:28 PDT
Mortgage-finance company Freddie Mac said the shortfall in single-family homes has grown by half in just two years as builders contend with shortages of labor, materials and developed land.
It's becoming clear that one of the unintended consequences of urban flight is creating housing affordability issues in rural America.
As coronavirus cases surge in several U.S. states, Dr. Zeke Emanuel, vice provost of Global Initiatives at the University of Pennsylvania, joins "Squawk Box" to discuss why he thinks the best way to turn the tide is a vaccine mandate, though he adds that a mandate should be considered as a last resort.
Through the first six months of fiscal 2021, the US government ran a record $1.7 trillion budget deficit. Federal Reserve Chairman Jerome Powell said this is sustainable - for now.During a webinar sponsored by the Economic Club of Washington DC, Powell said the economy can handle the current debt load. But he did warn that the long-term trajectory of the US budget is unsustainable.
Federal Reserve Chairman Jerome Powell keeps telling us not to worry about rising prices, assuring us that any increase in price inflation is "transitory." It appears most of the mainstream is buying this hook line and sinker.The March CPI number was expected to come in hot due to a much lower baseline. Prices tanked last March as governments locked down their economies. As a result, economists expected the year-on-year CPI comparison to show a big increase. But the increase was even bigger than expected. Peter Schiff talked about it in a recent podcast.
The massive U.S. Financial Ponzi Scheme has been kept alive as long as global oil production increased. Unfortunately, with the collapse of world oil production and consumption due to the pandemic last year, the United States economy is now in serious trouble. Thus, the productive aspect of the U.S. economy...
Biden will get to make history by permanently pushing America to the left in the manner of FDR's original New Deal and Lyndon Johnson's...
$1 in 1913 had the same purchasing power as $26 in 2020. This chart shows how the purchasing power of the dollar has changed over time.
American consumers have piled up over $4.21 trillion in debt. This is slightly higher than the record $4.20 trillion in consumer debt as of February 2020 as the coronavirus pandemic began to grip the world.
Apr 14, 2021 - 13:04:55 PDT
Veteran investor Danny Moses compared the stock-market boom to the dot-com bubble, underscored the dangers of excessive leverage and liquidity, and called for the Federal Reserve to temper its stimulus efforts in a recent RealVision interview.
Powell seems to be repeating Greenspan’s mistake of inflating asset and credit market bubbles even though there are the clearest of signs of considerable excess in those markets.
Hot or Cold War? Investors Try to Second Guess Russia’s Military Maneuvers: AnalysisApr 14, 2021 - 12:11:56 PDT
Fund managers are trimming exposure to Russia and Ukraine on fears that years of tensions could finally erupt into outright war, bringing economic ruin for Ukraine and more sanctions on Russia.
U.S. spy agency leaders said on Wednesday that China is an "unparalleled" priority, citing Beijing's regional aggression and cyber capabilities as they testified at a public congressional "Worldwide Threats" hearing for the first time in more than two years.
The euro zone economy is still standing on the "two crutches" of monetary and fiscal stimulus and these cannot be taken away until it makes a full recovery, European Central Bank President Christine Lagarde said on Wednesday.
So with the economy firing on all cylinders, it's hardly a surprise that the number of instances of the word 'slow' in the Beige Book dropped to just 12, almost half the 23 noted last month, while references to covid or virus also tumbled as the US is clearly ready to move on.
Lost in the debate over whether today's ultra-loose fiscal and monetary policies will trigger painful inflation is the broader risk posed by potential negative supply shocks. From trade wars and de-globalization to aging populations and populist politics, there is no shortage of inflationary threats on the horizon.
Gary Gensler confirmed by Senate to lead the SEC, Wall Street's top regulatorApr 14, 2021 - 10:09:33 PDT
Gensler was confirmed to lead the SEC on Wednesday. He promised to tackle bitcoin regulation, "gamification" of trading and board diversity.
Apr 14, 2021 - 08:52:49 PDT
The Economic Club of Washington's David Rubenstein interviews Fed Chair Jerome Powell.