Senator Elizabeth Warren appeared on CNBC last week, sparring with hosts Becky Quick and Joe Kernan over stock buybacks. Both sides here either forget about, miss, or fail to prioritize the key behavioral incentives that drive this activity.
We’ve entered a new era of politics and government in America, and the Left is pretty happy about it. This week, for example, The Guardian announced, “Biden's $1.9tn Covid Relief Bill Marks an End to Four Decades of Reaganism.”
Treasury Secretary Janet Yellen is working with other countries on an agreement to update corporate tax rules to establish a global minimum tax as the Biden administration considers raising taxes on businesses in order to finance spending priorities.
I trust nobody was surprised by the big market rally last week. After all we’re all joyful attendees of a big frat party, indeed one could argue the biggest perpetual frat party of all time w…
President Biden and his administration may soon propose several tax hikes. Here is where they could come.
The bond market is about to get a serious reality check, with traders leaning heavily toward higher long-term yields and also a scenario where the Federal Reserve starts lifting rates from near zero well before officials now envision.
Investors are again reassessing one of the bond market’s premier reflation trades -- the curve steeper -- as expectations for growth and inflation perk up at a clip that was hard to imagine just a few months ago. Whereas back in December the thought was that the Federal Reserve might tamp down long-term Treasury yields...
Venezuelan President Nicolas Maduro is pressing banks to implement digital payment systems as hyperinflation prompts chronic shortages of cash in the bolivar currency, three people familiar with the talks told Reuters.
The dollar gained for a third straight session on Monday, as traders cut their bearish bets on the greenback to four-month lows amid the recent rise in U.S. Treasury yields and grew cautious ahead of key global central bank meetings.
Poland's central bank wants to buy at least 100 tonnes of gold -- worth some $5.5 billion at current prices -- over the coming years, as it continues to expand its bullion reserves, governor Adam Glapinski said in an interview published on Monday.
Despite warm words from Biden, U.S. secondary sanctions against Iran, Russia and others punish European companies and prompt new calls for strategic autonomy.
Calls are heating up for the Federal Reserve to extend relief on bank capital requirements to help prevent the near $20 trillion government bond market from coming under siege.
External sector and currency market dynamics changed profoundly in 2020 in light of the pandemic and may do so further in 2021. US expansion may herald a return to debates about global imbalances and currency wars.
Non-payment by the rich may lead to the belief that the U.S. tax system favors the wealthy, it said.
A picture is worth a thousand words. And inflation is starting to rear its ugly head. Hopefully the Biden management team of Powell and Yellen avoid the disasters of Venezuela where their 9% coupon…
"if the Biden Administration expands the bill to include other policies like expanded child care benefits, extension of the child tax credit, student debt relief or other education subsidies, and/or health insurance subsidies, the gross amount could rise to something like $4 trillion."
Federal Reserve Chair Jerome Powell could find himself in a tough spot this week, having to defend his ultra-easy monetary policy outlook amid a quickening economic recovery that’s ignited fears of inflation.The Fed wraps up its two-day policy meeting on Wednesday, almost exactly 12 months after slashing interest rates to nearly zero as Covid-19 spread...
Gold and silver rose on Monday morning while cryptocurrencies Bitcoin and Ethereum fell. Cryptocurrencies (top 5) have exceeded $1 trillion. To be sure, big taxes on cryptocurrencies are on the rad…
The US Treasury 10Y-2Y slope has gone parabolic (right side) since September 2019 (yellow line) and is back to mid-2015 levels. Not only is the 10Y-2Y curve slope going parabolic, but the tech-heav…
Mortgage rates rose for a 4th consecutive week ahead of a yield spike on Friday. There could be further increases ahead as the housing sector braces for homebuying season.