Former Chairman of the OECD William White discusses Financial Fault Lines, Central Banks, and the Law of Unintended Consequences.
Charles Evans, president of the Federal Reserve Bank of Chicago, told CNBC that he was "open-minded" when asked about the right level for interest rates in the U.S.
Outstanding balances reached a record $795.5 billion as the average debt per borrower grew to $5,645 in the second quarter of 2019, up 2% from last year, according to TransUnion.
European Central Bank President Mario Draghi said the institution can do more if needed to boost inflation, and repeated his call for euro-area governments to support this effort with fiscal spending.
It looks like many riders will get thrown off the bull this week, but stackers & other smart investors know what this means...
They say it’s better to eat organic. But when it comes to the Federal Reserve’s balance sheet, Wall Street is hungering for a lot more. Financial analysts argue that the Fed needs to buy anywhere...
Factories have been the first victims of the Trump-era global trade rows. Now the question is how much their troubles will spread to other parts of the world’s biggest economies: the so-called spillover effect.
Irish Foreign Minister Simon Coveney warned on Friday that time was running out for Britain and the European Union to hammer out a divorce deal with the British Brexit minister also saying the moment of truth was approaching.
U.S.-China trade talks hit a snag Friday as the White House weighed limiting U.S. investments in China, which would be an "unmitigated disaster" if it came to pass, says Yale's Stephen Roach.
Overnight G/C repo surged almost 1%, from 1.85% on Friday to as high as 2.8% on Monday, as quarter-end funding dynamics added to pressure on borrowing costs amid an already tense environment for money markets.
The federal government continues to pile up debt at a staggering rate. In August alone, the US government added $450 billion to the national debt. But Uncle Sam isn't the only one who doesn't have enough money to pay his bills. Forty state governments are also drowning in red ink.Total state government debt now stands at $1.49 trillion with 40 states lacking sufficient funds to pay their bills according to Truth in Accounting's (TIA) Financial State of the States report.
The dollar held near recent highs on Monday as uncertainty over the U.S.-China trade war encouraged investors to move into the safety of the greenback.
At face value, the euro is to blame for the currency slide across eastern Europe, because their economies are enmeshed with the European Union’s supply chains.
The currency is down 3.6% in the past three months, a period where it weakened past the key 7-per-dollar level for the first time since the financial crisis.
Summary We illustrate the stark contrast in the growth of household wealth between the different percentile groups since Q1 2000 The top 1% of households now hold more wealth than the bottom 90% Th…
China plans to step up economic adjustments to counter its slowing economy while providing adequate liquidity in the economy, the central bank said on Sunday.
The risk of a sizable market correction continues to increase. Read why those predicting (hoping for?) higher prices may be deluding themselves.
Harvey says there have been massive adjustments in both gold & silver at the COMEX. Here are the details...
We are entering gold's period of seasonal weakness before the winter rally, and the selling could be particularly heavy this year. Here's why...
Trump wants to cure trade imbalances via tariffs. It cannot possibly work...