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.
What the Fed did today.
The U.S. has overtaken the EU27 in total deaths. Other data is just as bad.
A surge in new home constructions is prompting a healthy dose of optimism for home builders across the U.S. New data from a confidence index shows home builders and buyers are feeling the highest rate of confidence in the housing market since 1998. Acc…
Following a surge in new housing starts to end 2019, the global COVID-19 pandemic reached the private housing construction industry in the U.S. and caused a record-low number of new projects in the country. After three straight months of growth, howeve…
Triffin’s Paradox demands painful trade-offs to issue a reserve currency, and it demands the issuing central bank serve two competing audiences and markets.Judging by the headlines and pundit chatter, the U.S. dollar is about to slide directly to zero….
The forecast has changed. It’s less bearish, but it’s still bearish. Here’s why.
A gentle drop in trend.
A large share of countries around the world are now using Chinese AI surveillance technology, including facial recognition technology, in full or in part. This is according to a report by Carnegie Endowment for International Peace. Many countries are c…
Western European countries, which had successfully flattened the curve of COVID-19 infections, are now experiencing a surge of new cases. According to numbers by Johns Hopkins University, cases are growing quite rapidly again in Spain and France, where…