Global Central Banks have so numbed Treasury markets it is as though Bernanke and Yellen gave a massive shot of Lidocaine to financial markets since 2008.
On the one hand, The Federal Reserve has been raising its target rate (upper bound) in recent years, from 25 basis points (Dec ’15) to 200 basis points today.
But if we subtract inflation (CPI YoY) from the target rate, we see that The Fed is st…
Russia has dumped most of its US Treasury holdings, back to the small holdings from 2007.
US housing starts in June crashed 12.3% MoM, the biggest June decline since 1959. And maybe before 1959.
The news is constantly abuzz with scary “Trade War!” headlines. But it reminds me of Wendy’s hamburger
One of the effects of The Federal Reserve’s zero interest policy (ZIRP) was the massive expansion of both consumer and corporate debt.
Will The Fed and other Central Banks take a pass on raising rates until the “tariff tussle” subsides? Here are some clues.
We already know that the US Federal government is spending (and borrowing) at unsustainable rates. Much of the growth in Federal spending is due to Medicare and Medicaid. Although defense spending is no slouch. But State governments are no pikers at spending either. Or at least promising pensions to public sector workers.
Mark Zuckerberg, the co-founder of Facebook, has now surpassed Warren Buffet to the third wealthiest person in the world. Where is Mark Zuckerberg’s home?
The US economy added more jobs in June than expected (213k versus 195k expected). Unemployment remains low