CUSIP: 912828C32Term and Type: 3-Year NoteSeries: AK-2017Reopening: NoInterest Rate: 0.750%High Yield: 0.802%Price: $99.846425Allotted at High: 16.92%Total Tendered: $97,582,884,200Total Accepted: $30,000,074,200Auction Date: 03/11/2014Issue Date: 03/1…
In the Valley of the Blind, the apologist passes for the sentinel.
most stockbrokers aren’t traders, and they aren’t analysts, but salesmen. They usher clients into financial products with little regard for their individual financial situation or the broader markets.
The stock market has soared for five years, risks have ballooned, home prices have jumped. Gains built on the quicksand of endless liquidity and a lackluster economy. “Irrational exuberance” is back in the Fed’s vocabulary. As the Fed&rsquo…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
The Fed’s policies have been an unqualified success for financiers and an abject failure for the bottom 99.5% who have to work for a living.After five long years of politicos and the financial media glorifying the Federal Reserve’s policies as god-like…
Found in China.
Last week, the Wall Street Journal highlighted a Federal Reserve report on total household net worth. Surprise! Americans are richer than ever before, both in nominal and real terms. At the same time, though, wealth inequality is increasing from its already Gilded Era levels.
The disappearance in the Gulf of Thailand of Malaysia Airlines Flight 370 to Beijing, China after 2 hours 5 minutes of normal flight may have the trademarks of a terrorist attack against China by Al Qaeda.
Here is a chart showing the number of transactions that involve acquisitions of an asset management business by year. It tells us about a couple of trends developing in recent y Banks have stopped acquiring asset management businesses. In fact what the chart doesn’t tell us is that banks have been actively selling their asset management businesses