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The European Central Bank may be more concerned about the pandemic-hit economy than analysts had previously thought, based on its September policy meeting minutes issued on Thursday, suggesting it could roll out more stimulus later this year.
Oct 8, 2020 - 08:43:35 PDT
Growing nations ought to tackle new debt to assist them combat the financial affect of the coronavirus pandemic — however they are going to later undergo an unprecedented wave of debt crises and restructuring, World Financial institution chief economist Carmen Reinhart has warned.
Split on Applying New Framework, Fed Struggles Over Economic Outlook as WellOct 8, 2020 - 08:17:19 PDT
U.S. Federal Reserve policymakers split over how to apply a new strategy for monetary policy at their September meeting, and, amid growing doubts about the path of the economy, offered no clear sense of their next steps to offset the coronavirus recession.
Why Social Security and Medicare recipients could fall further behind in 2021
Biden and Trump would both send the national debt soaring to unprecedented levels.
‘No. 1 Catalyst’ for Market Volatility Is Virus Aid Gridlock, Not Election UncertaintyOct 8, 2020 - 08:04:20 PDT
National Securities’ Art Hogan lists stimulus gridlock as a bigger market driver than election uncertainty.
Despite a pandemic that has slammed the brakes on global economic growth and forced more than 30 million Americans to seek unemployment benefits, U.S. equity indexes are still near all-time highs.
Oct 8, 2020 - 07:49:04 PDT
The 50 richest Americans now hold almost as much wealth as half of the U.S., as Covid-19 transforms the economy in ways that have disproportionately rewarded a small class of billionaires.
All Now Depends on US Stimulus, Billionaires to China’s Manufacturers, as US National Debt Blows OutOct 8, 2020 - 07:20:16 PDT
But consumers again paid down their credit cards; let’s be honest, that’s abuse of stimulus.
We must clarify the definition of hyperinflation so as to better understand it.
For the first time in modern economic history, the labor force actually shrunk during recession.
JPMorgan Chase & Co. says the stockpile of developed sovereign debt with a negative yields adjusted for inflation has doubled over the past two years to $31 trillion. As the Federal Reserve prepares to let prices run hotter to fix the pandemic-hit labor market...
Citigroup Inc has agreed to pay a $400 million fine and draw up a sweeping plan to fix persistent risk management and operational problems that have led to multiple violations and penalties over the years, U.S. regulators said on Wednesday.
Grant Cardone Entrepreneur and Author joins Yahoo Finance's Zack Guzman to break down the latest on the housing market, as mortgage rates set another record low.
Kissinger: U.S., China Must Cease Threats, or ‘We Will Slide Into a Situation Similar World War I’Oct 8, 2020 - 06:43:24 PDT
The U.S. national security adviser warned China on Wednesday against any attempt to take Taiwan by force, saying amphibious landings were notoriously difficult and there was a lot of ambiguity about how the United States would respond.
This is still over four times higher than the pre-COVID levels.
Gold-buying by central banks has slowed from the record pace we saw in 2018 and 2019, but many countries continue to load up on the yellow metal.August saw the first net global decline in central bank gold holdings, but the number was skewed by a big sale by one central bank. Overall, seven countries increased their gold reserves by a ton or more in August, tying February for the highest number of buyers in a single month this year.
Which, of course, is hardly news now that the Fed due to helicopter money is stuck monetizing debt in perpetuity.
U.S. central bankers look poised to discuss the future of the Federal Reserve’s asset-purchase program when they meet again in November, potentially heralding a shift in what they buy, or an increase in how much they purchase.Minutes of the Federal Open Market Committee’s Sept. 15-16 meeting...
Oct 8, 2020 - 05:18:36 PDT
Barron's: Federal Reserve officials grappled with the how to frame the message of their new inflation policy in their latest meeting, underscoring the tricky balance they face as they look to nurse the economy through the pandemic.