Jerome Powell delivered his long anticipated speech at Jackson Hole last week. Well actually, I have no idea if he was actually in Jackson Hole since the speech was delivered electronically, another victim of the delta variant. The virus itself rated barely a mention in Mr. Powell’s remarks and I think that is probably as […]
August 27, 2021: Bloomberg Wall Street Week’s David Westin: “Larry, you saw, you read what Jay Powell said [in his Jackson Hole speech]. What was your reaction?”Larry Summers: “I was glad to see him moving towards beginning tapering this fall. I still…
As part of a proposed settlement in a class-action lawsuit from U.S. app developers against Apple, the Californian tech giant announced a couple of changes to its contentious App Store policies on Thursday. “The terms of the agreement will help make th…
The cost of opening a Subway restaurant – one of the most popular franchise models around the world – varies widely depending on the location and size of the branch. According to cost ranges listed by Subway, even the lowest possible cost associated wi…
Faced with antitrust allegations and the wrath of (some) app makers, Apple extended an olive branch to its developer community in November 2020 by introducing the App Store Small Business Program, which reduces the company’s contentious app store commi…
Welcome to Powell Day. It’s a shameful pity
As the Supreme Court has struck down the Biden administration’s moratorium on evictions, more tenants around the country will have to rely on Emergency Rental Assistance payments to cover their rent or risk losing their place of residence. As numbers f…
4484. That’s the approximate center of the new range on the ES S&P 500 futures. Here’s what’s next.
One phrase describes the Fed’s pillaging of the nation to benefit the few at the expense of the many: abuse of power.
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.