Simply put, the Fed pulled off a magic trick that would leave Houdini gasping. Janet Yellen and the Fed took the made-up money and bought Wall Street assets that would have otherwise crashed and gave money to Wall Street banks that would have otherwise gone bankrupt...with no strings attached.
You've probably heard by now that the Federal Reserve executed a long-awaited interest rate hike in December. Though this move was both inevitable and sorely needed, it's not great news for borrowers. In fact, your student loan interest rates might have gone up as a result.
Getting away from D.C. every so often helps with perspective. Life inside the Beltway can cloud one's views and lead to an
Ever since the global financial crisis central bankers across the globe have become increasingly fearful about the prospect
Monetary economics is gasping for breath. The usual links between the money supply, inflation and GDP seem tenuous after the Great Financial Crisis.
CNN.com recently published an article (Store closings are the hottest trend in retail) about the rash of retail store closings
With the S&P 500 now down about 10% from its all-time high in May 2015, a certain level of fear has returned to the markets
There it is again: the Fed rate hike talk we've missed so much since last December. Fed Chairwoman Janet Yellen said on Wednesday that risks for the U.S. economy are rising and indicated that the central bank may delay its next interest rate hike in March.
But basically, the FASB (financial accounting services board) changed the rules mid-flight on how banks should account for
Question #1: Is it possible that the continuing fall in the price of oil on the world and West Texas markets may not be due
Broader unemployment is high, and inflation is low. So why is the Fed moving now?
Source: Bureau of Economic Analysis. What is the true state of the US consumer? The Federal Reserve seems pretty confident
If the full extent of the budgetary problems are not well understood, how can we be in a position to address the problems?
The Dollar maintains its strength near 100 and Draghi indicated more easing may be ahead for the EU while we wait for 6 Fed
It's wonderful to be able to take advantage of silly market moves after hours. Have you ever read something in the paper and wished you could place a trade but the markets are closed? Futures trading fixes that problem.
Now we're 5% higher than we were and the Fed is essentially damned if they do or damned if they don't hike rates (which is