Nordic experimentation with sub-zero interest rates has changed the way central bankers think about fighting recessions
If men were angels, no government would be necessary. If angels were to govern men, neither external nor internal controls on government would be necessary. "If men were angels, no government would be necessary." - James Madison
Chinese industrial companies' profits declined the most in at least four years, the latest sign that the nation's old growth drivers are faltering.
Be Careful of What You Wish; Perfect Storm; Email from Brazil; More Intervention Madness
The central bank is facing a communications problem.
Further losses by Chinese stocks are limited after leveraged traders cut $218 billion of positions, according to HSBC Holdings Plc.
US stock futures got crushed overnight after some ugly economic data out of China. But they have since recovered those losses and then some.
Copper prices are getting pummeled this morning. Since copper is somewhat unique in its setting between wholesale finance and the real economy, but most especially what might fairly be termed the Asian dollar, it functions not just as a "dollar"
On Monday, we updated the rapidly deteriorating situation in Brazil which for the uninitiated, faces a laundry list of seemingly intractable problems which Goldman recently summarized as follows:
The world economy appears to be stalling…
Gold and silver are good assets to hold to insure the preservation of EXCESS wealth but there are other assets that are even more valuable longterm. Those things that can be used to produce a product are the elements that can be used to leverage your
Alexis Tsipras has hailed a "victory of the people" after his left-wing Syriza party won Greece's fifth election in six years.
As financial markets in Asia recover from the Fed's decision to keep rates unchanged, other risk events will likely serve up fresh volatility this week.
When a northern Indian state announced a few hundred job openings for low-level office workers who run errands and make tea, the response was staggering.
Andy Haldane, one of the Bank's nine interest rate setters, made the case for the "radical" option of supporting the economy with negative interest rates, and even suggested that cash could have to be abolished.
Interestingly, rates aren't just low within the context of American history. They also happen to be at the lowest levels in the 5,000 years of civilization.
Despite months of expectations that it would finally raise rates for the first time since 2006, the Fed continued to sit on its hands
According to several headlines, the U.S. stock market rose yesterday "ahead of Fed."
Seven years ago on September 15, 2008, one of the oldest investment banks in America filed for bankruptcy.
The Fed has as much as promised to make the blind see and the lame walk. It claims that it – and it alone – is capable of improving the U.S. economy and, by extension, the world economy.
The Pope has commented more than once on the ongoing refugee / migrant situation that is consuming the news. In a recent interview, he suggests that the underlying cause is an unjust economic system:
If the Federal Reserve raises interest rates on Thursday, it will be doing so in an economy that is radically different from the past.
World stocks inched to a three-week high and the dollar drifted lower on Thursday as markets waited to see if the Federal Reserve would raise U.S. interest rates for the first time in almost a decade, or opt to wait a little longer.
Kyle Bass On The Currency Wars And Central Bank Race To The Bottom--You Haven't Seen Nothing Yet
I can't help but be reminded of the truism of this week's article title, watching Chinese stock prices drop, day after day. In response, Chinese securities regulators have banned most short selling.
China's stocks slumped for a second day in thin turnover amid concern government measures to support the world's second-largest equity market and economy are failing.
We are a tax haven for wealthy foreigners with a low corporate tax rate and huge business subsidies. So why increase income taxes on working class residents?
Market turmoil means moving from the zero bound gets even trickier.
When Petroleo Brasileiro SA sold 100-year bonds in June, the move was largely seen as a sign the corruption-tainted oil producer had put the worst of its problems behind it.
Or just taking the fall for one?