The need for the Fed to shove billions into the repo market to keep that market's interest rate near the Fed's target shows the Fed is losing its power to control the price of money.
Since September 17, the Federal Reserve Bank of New York has pumped billions of dollars into the repurchasing (repo) market, the first such intervention since 2009. The Fed has announced that it will continue to inject as much as 75 billion dollars a
Apparently, President Trump's hint that the Department of Agriculture might authorize another tranche of bailout funds for America's farmers wasn't enough to quell their anger
Now that Beijing has cancelled the round of ag purchases promised by President Xi in Osaka, President Trump appears to be promising yet another farmer bailout (what would be the third under his administration) next year, if necessary.
increases for overpaid teachers … GET OUT while you still have your wallet... (Natural News) A month ago, Chicago Mayor Lori Lightfoot insisted that the city's pension funds were facing bankruptcy and demanded an urgent multi-billion-dollar bai
Sears, the 125-year-old icon, has 24 hours to survive. The employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert, to buy the company out of bankr
The Fed's increasing reliance on the asset price channel of the monetary transmission mechanism over the past decade has been to "jack up" or inflate assets, hoping the "wealth effect" stimulates aggregate demand. Household net worth is n
People often wonder why a cryptocurrency with a limited supply like bitcoin has been gaining traction over the years. Since the 2008 financial crisis, the world's central banks have printed around $12-30 trillion worth of promissory notes, and more
The Fed upped the interest it pays on excess reserves to 1.95% today. This is free money (taxpayer funded) to banks.
Bitcoin was created to bring back people's control over their own hard-earned money. Perhaps no greater example exists of how we don't currently have real influence over how our capital is being spent than banks getting bailouts from the governme
Let's put this figure in perspective: at $5 billion per year, Musk would make more than every single CEO in the S&P 500. COMBINED. In other words, if you add up the salaries of all the CEOs of the 500 largest companies in America, it would still
Donald Trump caused a stir this week by suggesting that Puerto Rico's massive $73 billion public debt should be "wiped out." Puerto Rico narrowly avoided default with an interest payment this summer but the debt is a huge long-term problem for
Beware of what may be coming next. We already know the establishment has a plan to blame President Trump for the next financial crisis, and now there are moves being made that will support that narrative.
"Deutsche Bank is also a major source of systemic risk in the global financial system. The net contribution to global systemic risk is captured by the difference between the outward spillover to the system from the bank and the inward spillover to
An internal IMF investigation found that Managing Director Christine Lagarde mishandled the Greek crisis, making sure the banks were bailed out and the Greeks given austerity. She faces a slap on the wrist if found guilty.