“Maybe in five years we’ll not be talking about the sub-prime bubble, but the equity bubble.”
The U.S. posted its worst result in at least eight years in a global corruption index, as special interests and growing threats to checks and balances made it more difficult to tackle graft.
BMO says there are 75% odds that by mid-March, the Fed will need to start monetizing coupon bonds in addition to Bills, effectively transforming "Not QE" into QE 4.
Now that the Fed has finished with its 'midterm adjustment', no other central bank in the developed world is going to have the courage to lift rates off the zero bound, particularly as the Continental economy careens toward a recession.
“There’s no question we need to slow down the rate of growth of government spending because we can’t sustain these deficits growing at these levels.”
Argentina’s central bank has slashed interest rates the most in the world in recent weeks, reviving concerns about an oft-repeated monetary policy misstep that triggers faster inflation in the country near the start of the year.
A bond fund manager who correctly predicted that India’s central bank would introduce a U.S. Federal Reserve style Operation Twist, now says that the nation needs more foreign capital...
An early warning system for bad bank loans is taking effect this year. Beware false alarms.U.S. banks are starting to book provisions for potential loan losses under a new system regulators devised eight years ago to avoid the kind of catastrophic surprise that caught the industry...
U.S. index futures edged higher while stocks jumped in Europe as investors digested the latest corporate news and economic data, setting aside for now fears over a deadly virus spreading from China.
The quarreling elites gathered at Davos agreed on at least one thing about the world’s central bankers: they’re going to have a hard time getting out of the cul-de-sac of their own making.
The European Central Bank could push its policy rate farther below zero but every further cut would have less of an impact on the economy as well as having large side effects...
Central bank policies to prop up growth with cheap money have sent bond markets soaring in recent years, prompting many corporations to binge on debt at record low cost.
The People's Bank of China is working on a digital yuan but has released very few details about the technology behind it or the timeline of its release.
The digital currency could be a joint initiative between the government and private companies that would put Japan in tune with global changes in financial technology...
Gold rose on Thursday as scaling concerns over a coronavirus outbreak in China and its impact on global economy soured sentiments for riskier assets, propping up demand for the safe-haven asset.
The world is currently ensnared within history’s ninth rate depression cycle. This cycle began in the mid-1980s.
"An overheated economy can't be kept boiling for too long," Soros warned from Davos.
There are more than 100 recognized currencies in the world at present.
The U.S. government announced that former Wells Fargo CEO John Stumpf is barred from ever working at a bank and will pay $17.5 million in connection to scandals at Wells.
But since the financial crisis, older Americans have been increasingly staying in the workplace:...