Federal Reserve
Stocks Plunge: ‘And This Too Shall Pass,’ Or Something
by Wolf Richter • • Comments Off on Stocks Plunge: ‘And This Too Shall Pass,’ Or Something
What To Expect From Fed Chair Yellen In One Cartoon
by Wolf Richter • • Comments Off on What To Expect From Fed Chair Yellen In One Cartoon
The Exquisitely Reengineered Frankenstein Housing Monster
by Wolf Richter • • Comments Off on The Exquisitely Reengineered Frankenstein Housing Monster
Stocks on Speed: Margin Debt Spikes, So Does Risk Of Crash
by Wolf Richter • • Comments Off on Stocks on Speed: Margin Debt Spikes, So Does Risk Of Crash
A Teeny-Weeny Bit Of Taper, And Look What Happened
by Wolf Richter • • Comments Off on A Teeny-Weeny Bit Of Taper, And Look What Happened
A Very Unfinished Recession, For Most Americans
by Wolf Richter • • Comments Off on A Very Unfinished Recession, For Most Americans
Statistically speaking, the Fed’s heroic actions conquered the Great Recession years ago.The economy has been growing at a measurable clip, statistically speaking, with the unemployment rate inching lower over the years, though again, that’s just statistically speaking. But most Americans, struggling to make ends meet in the real economy far from the hoopla, hype, and buzz of Wall Street or Silicon Valley, have a more accurate answer.
Spiffy Hotel Rooms For The 85 Richest Folks Who Own As Much As Poorest Half Of Humanity
by Wolf Richter • • Comments Off on Spiffy Hotel Rooms For The 85 Richest Folks Who Own As Much As Poorest Half Of Humanity
The Magic for Our Hapless Renters
by Wolf Richter • • Comments Off on The Magic for Our Hapless Renters
Lousy Jobs Data: Five Years Of QE Fail, Yet Fig Leaf For Taper
by Wolf Richter • • Comments Off on Lousy Jobs Data: Five Years Of QE Fail, Yet Fig Leaf For Taper
Today’s employment report is special. Exactly five years ago, the Fed kicked off its zero interest rate policy and QE to create the “wealth effect”: the elite would borrow for free and buy assets to drive up asset prices and make those people immensely rich; in return, they’d spend some crumbs of this new wealth, which would create jobs, say, at luxury retailers.