The "Existential Threat" Is Politicians Seeking $90 Trillion Solutions To Hyped-Up Problems.
In whiplash charts. For example, department store sales soared 23% “seasonally adjusted” but collapsed 42% “not seasonally adjusted.” What gives?
Is there anything that politics can't ruin? The answer, it appears, is a resounding "no" as partisan conflict creeps into all areas of American life. Our political affiliations, researchers say, obstruct friendships, influence our purchases, affect the positions we take on seemingly apolitical matters, and limit our job choices.
‘Only about 1 percent of the entire package goes toward COVID vaccines, and 5 percent is truly focused on public health.'
Air France-KLM expects bailout in weeks as cash burn mounts in Covid on Business Standard. Talks are ongoing between the carrier's biggest shareholders, the French and Dutch governments, and the European Commission about a rescue package
After decades of market liberalism and fiscal fundamentalism, policymakers are returning to Keynes
High deficits worked in WW2 because the post war period was followed by massive productivity increases and high birth rates. We have none of these right now. Working age population has hit a wall and its growth has gone negative.
The Bank of Japan may replace some numerical guidelines for its purchases of exchange-traded funds (ETF) with a pledge to ramp up buying when markets become volatile, three sources familiar with its thinking said.
Introduction This tracker follows the Federal Reserve’s (Fed) total consolidated assets, held on its balance sheet, as the best indicator of the Fed’s direct intervention in the economy. Context The Fed’s dual mandate requires it to ensure both stable prices and maximum employment. The traditional tool the Fed uses to accomplish these goals is the …
Child poverty is higher in the U.S. than in most advanced countries. President Biden and Sen. Mitt Romney propose reducing it by significantly expanding the child tax credit, which effectively would make the credit a near-universal basic income for children.
"Many of the public policies that shackle the financial sector are designed to do so, because they help governments accomplish some other political objective. Engaging these political considerations, and how they impinge on banking and finance, is critical if we want to understand the history of...
The US is trialling ways of bracing the American public for higher inflation rates as a fresh presidency attempts to The post US braces for higher inflation amid pandemic recovery, warns Fed...
Federal Reserve officials generally believe the threat posed by subdued inflation is greater than the danger of rapidly rising prices, as they begin to factor in the possible effect of President Joe Biden’s $1.9tn fiscal stimulus.
European Central Bank policymakers have promised to “steadily” maintain stimulus when they promise to ignore short-term rises in inflation and nominal interest rates, according to the minutes of last month’s meeting...
Some politicians are worried that countries will borrow too much to prop up the economy over the coming year. Christine Lagarde doesn't share their concerns. The ECB, she added, is "in for the long run."
House approval next week could put Democrats on track for a final vote in the Senate before March 14, when jobless aid expires for millions of Americans. Based on timeline to get a final bill on President Joe Biden’s desk, stimulus checks of $1,400 could be sent to Americans earning less than $75,000 by late March.
The average for a 30-year, fixed loan was 2.81%, up from 2.73% last week and the highest since November, Freddie Mac data showed Thursday. Rates have climbed from the record low of 2.65%, reached in early January.
By any measure the COVID-19 pandemic has created an economic as well as a human calamity that is measured in a global sea of debt, worse in some countries than others, that will take at least a decade to reduce to normal levels. Alarmist? Not in the view of IMF managing director Kristalina Georgieva, who in late 2020 used that very term ‘economic calamity’ in a briefing that spelt out the economic damage in hard numbers.
Do you own the “junk bond” fund of the silver industry? You know, the fund that has numerous structural risks that could easily blow up in a crisis…
The world has never been more indebted after a year of battling Covid-19. And there’s even more borrowing ahead.Governments, companies and households raised $24 trillion last year to offset the pandemic’s economic toll, bringing the global debt total to an all-time high of $281 trillion by the end of 2020, or more than 355% of global GDP,...