Germany’s bank problems are all of Europe’s
Forget Italy. Germany is still thebiggest banking problem in Europe; not just because the market itself is poor and destabilizing but also because it negates the possibility of a world-beating continental banking sector. Germany is Europe’s heart: geographically, economically and...
As the Fed meets, the specter of pressure from Trump and the market looms
Mr. Market probably still carries more weight with the Federal Reserve, but Mr. President is likely to maintain a presence when it comes to monetary policy. President Donald Trump recently made headlines with comments that he was upset with the...
How companies are making customers pay for Trump’s trade war
President Trump’s trade war is making life uncomfortable for some large American corporations, but they have found a way to reduce the pain: Pass it on to customers. The Trump administration’s tariffs have pushed up the prices of steel and...
Investing pioneer Burton Malkiel: Don’t worry about the yield-curve recession indicator
Investing pioneer Burton Malkiel believes investors shouldn’t worry too much about a key recession indicator — the so-called the flattening yield curve. “Recently, the curve has become noticeably flatter, with short-term rates rising and longer yields remaining stagnant. This has...
Insana: US can’t afford the first tax cut, let alone Trump’s new stealth $100 billion plan for rich
“Let’s not and say we did” was a quote we often used when I was growing up. It needs to be said plainly today to U.S. Treasury Secretary Steven Mnuchin, who has a new tax cut plan that may be...
Fed to Hold Rates But Will Trump Criticism Restrain a More hawkish Message?
The US Federal Reserve will announce its latest rate decision on Wednesday at 18:00 GMT when the Federal Open Market Committee (FOMC) concludes a two-day policy meeting. After the move in June when the Fed lifted rates to a range...
Is the FOMC Overly-Optimistic?
“I am an optimist. Anyone interested in the future has to be otherwise he would simply shoot himself.” – Arthur C. Clarke Executive Summary Does the Federal Open Market Committee (FOMC) behave over-optimistically to achieve its objective? We propose a...
Neighborhoods with ‘Hill’ in name are the richest in America—plus 9 other words that signal wealth
What’s in a name? For neighborhoods, a name might just indicate a certain level of wealth, according to a new report from Porch. For its study, Porch, a platform that connects people with home improvement professionals, analyzed words in the...
Euro Strengthens on CPI Surprise, Yen Extends Post BoJ Selloff
Euro emerges as a strong one today after a number of volatility triggering events. Upside surprise in Eurozone inflation is a key factor lifting the common currency higher. Australian Dollar is also strong, competing with Euro for the biggest gainer...
BOJ Introduced Forward Guidance and Made Subtle Changes in YCC
BOJ made some changes in its unconventional monetary policy in July. We believe these changes sent a dovish message that it takes longer time than previous anticipated for inflation to reach the +2% target. At this meeting, BOJ introduced forward...
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