As vaccination campaigns finally start to gather pace in some countries, a substantial chunk of the world still remains off limits to international tourists. A new report from the United Nations World Tourism Organization found that one third of destin…
The coronavirus pandemic has reduced global CO₂ emissions by almost 2 gigatonnes – about the equivalent of the net increase in carbon emissions since 2013. Numbers released by the International Energy Agency show that the biggest decrease was linked to…
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.
One day before the Senate passed President Biden’s sweeping $1.9 trillion stimulus package on Saturday, the latest jobs report showed encouraging signs of recovery, as the U.S. economy added 379,000 jobs in February, exceeding expectations.The leisure …
The Levada Center, an independent Russian polling and sociological research organization, has released new data showing that 48 percent of the public would like to see Vladimir Putin remain president after 2024 while 41 percent would not. Support for P…
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.
I’ve been getting that question a lot these days. How high can rates go? It is asked in a way that seems to imply that the answer is obvious – not much. Why? The answer is almost always the same; the Fed can’t and won’t let rates go up. If they did it would kill […]
Those looking up from their “free fish!” frolicking will see the tsunami too late to save themselves.
Zero chance of the Fed moving to tighten financial conditions in the event of inflation gaining a serious foothold. By that point, bond markets would surely already be in a state of disarray. The FOMC wouldn’t dare tighten.
The over-indebted, overcapacity global economy an only generate speculative asset bubbles that will implode, destroying the latest round of phantom collateral.