The story is barely believable but Main Street has, temporarily at least, managed to turn the tables on Wall Street. Hedge funds have had to cut their losses after a group of amateur traders came together to push up shares in GameStop. The action taken…
He who shorts what isn’t his’n must buy it back or go to prison.
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 new Biden administration has promised to explore progressive policies directed at undocumented immigrants in the U.S. Perhaps one of the president’s boldest plans is to implement a path to citizenship for the roughly 11 million undocumented immigra…
In light of the sustained smooth functioning of short-term U.S. dollar funding markets and consistent with the most recent FOMC directive, the Open Market Trading Desk at the Federal Reserve Bank of New York will no longer offer regularly-scheduled one…
With tens of millions of people losing their jobs or seeing their working hours reduced due to the COVID-19 pandemic, the ongoing crisis has disrupted labor markets around the world at an unprecedented scale.According to the latest edition of the ILO M…
In every century the same thing happens at one point or another. Society loses the plot and gets caught up in a mania, a grandiose exercise in self delusion. It can be […]
Today is Fed Circus. The elephant parade.
What can we learn from this lesson in financial zoology?
The biggest opinion poll about climate change ever published has found that two-thirds of people across the world consider the issue “a global emergency”. Carried out by the UN Development Programme together with Oxford University, the research polled …
Once a large dam has reached the age of 50 years, whoever is in charge of its maintenance should be especially alert to the upkeep challenges and dangers an old dam can create. According to a new report by the U.N. Institute for Water, Environment and …