‘Things to come’ in the financialized economy is on the agenda for Max and Stacy in this episode, and they also ask whether or not James Howard Kunstler is right in his prediction that ‘the financialized economy is entering its moment of final catastrophic phase-change.’ Max also interviews lawyer and filmmaker John Titus, of All the Plenary’s Men, about the not-so-secret and yet little-discussed Financial Stability Board authority over sovereign powers to regulate banks. 22 more words
Tags » Federal Reserve
… Overnight, it was Goldman’ turn to scare its clients with an extended analysis of when and under what conditions the next recession could strike, and as Hatzius and co write in “s economic team write in… 248 more words
With every passing day, the Fed is slowly losing the game, a point made earlier today by SocGen’s Albert Edwards who wrotes that “Citizens Will Soon Turn Their Rage Towards Central Bankers… 164 more words
The Federal Reserve’s announcement last week that it was increasing the Federal Funds rate included a second statement regarding the Fed’s bond holdings. The Fed began buying Treasury and mortgage bonds after the Great Recession to lower long-term loan rates. 282 more words
Economic Update - Bank of England 'Rift' Grows, Steven Mnuchin Talks Up New 50 & 100 Year Bonds, more...
Last week the Bank of England only narrowly preserved interest rates at 0.25%, with three members of the seven strong committee voting for a rise. Chairman Mark Carney has since stated that ‘ 1,368 more words