"While Yellen is surely smart in the book sense, there’s absolutely nothing remarkable about her economic knowledge. In truth, her ideology is very unoriginal, and is rooted in the hard-to-credit view that economic growth can be engineered via the forced redistribution of wealth from producers...
Many others, however, could be in an even tighter financial situation in Q2 2021, and though credit could help them make ends meet, they may worry about defaulting or getting even further behind.
The government stimulus that kept millions of Americans from falling into poverty earlier in the pandemic is long gone, and new aid is still a dot on the horizon after months of congressional inaction. Hunger is chronic, at levels not seen in decades.
Synchronized G4 Acceleration in Money Supply Growth
Ever more limitations are being placed on how we conduct commerce, travel & gather with our families -- even what information can be voiced publicly.
The Australian Office of Financial Management (AOFM), which oversees the federal government's debt sales, confirmed on Thursday the move into negative rate territory.
The Census Bureau has been tracking the nonseasonally adjusted data since 1965. Their seasonally adjusted version only goes back to 1980. Here is a snapshot of the nonseasonally adjusted series with a 4-quarter moving average to highlight the trend.
Gov. Andrew Cuomo said New York state will have to raise taxes to cover a projected multibillion-dollar deficit exacerbated by Covid-19 and economic restrictions the state imposed to stop the spread of the coronavirus.
The National Restaurant Association reports 110,000 Restaurants Have Closed Permanently during the COVID-19 pandemic.
Working from home is will result in significant headwinds for the commercial office real estate for at least the next several years.
According to JP Morgan, equity markets have not been this expensive so early into an economic recovery phase in the last twenty years.
Many seem to be under the false impression that the central banks can keep this going on forwer. There is no "New Normal".
The European Central Bank will keep a close eye on the strength of the euro as it tends to push down prices and thereby inflation in the single-currency bloc, ECB President Christine Lagarde said on Thursday.
The Congressional Oversight Commission holds a hearing on the CARES Act with Treasury Secretary Steven Mnuchin. The hearing is to examine the funds authorized by the CARES Act for loans and loan guarantees to businesses critical to maintaining national security.
Brazil’s central bank signaled it may be unable to fulfill its pledge to keep interest rates at a record low for long due to rising inflation expectations.T
Thirty-four percent of Americans rate their mental health as excellent, eight points lower than any other reading in Gallup's 20-year trend.
Argentina’s blanket ban on firing workers during the pandemic looks like it’s storing up more problems than it solves in what was already one of the world’s worst job markets.
With reflation trades notching some of their biggest gains in decades, even stock bulls can be forgiven for fearing that global markets are priced for perfection and risk sinking next year.Small-cap stocks in the Russell 2000 that do well as growth rebounds have earned almost 30% so far this quarter.
For the better part of a decade, Janet Yellen has been issuing a warning: Wall Street is piling a dangerous amount of debt onto the balance sheets of risky U.S. businesses.
The latest Los Angeles lockdown is another hammer blow for businesses still struggling through the pandemic -– and it could be a taste of what lies ahead all over the country.