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Keyword: interest

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  • Federal Reserve Interest-Rate Decision—Live Analysis

    03/21/2018 11:31:15 AM PDT · by Sopater · 15 replies
    Join us for all the news and analysis of the Federal Reserve’s interest-rate decision and economic projections Wednesday, along with Jerome Powell’s first press conference as chairman.
  • A million dollars a minute

    02/18/2018 11:26:07 AM PST · by Tolerance Sucks Rocks · 4 replies
    The Washington Times ^ | February 14, 2018 | Andrew P. Napolitano
    Imagine you open the faucet of your kitchen sink expecting water and instead out comes cash. Now imagine that it comes out at the rate of $1 million a minute. You call your plumber, who thinks you’re crazy. To get you off the phone, he opines that it is your sink and therefore must be your money. So you spend it wildly. Then you realize that the money wasn’t yours and you owe it back. Now imagine that this happens every minute of every day for the next three years. At the end of the three years, you owe back...
  • The Federal Reserve is setting America up for economic disaster

    09/19/2017 7:24:05 PM PDT · by Tolerance Sucks Rocks · 75 replies
    The Hill ^ | September 18, 2017 | Armstrong Williams
    I recently had the opportunity to read "The Creature from Jekyll Island" by G. Edward Griffin, a prodigious tome dealing with the circumstances surrounding the creation of the U.S. Federal Reserve System. I was taken aback by some of its provocative assertions. America joined World War I largely to help a few bankers profit off the war (despite a long-standing Monroe doctrine that prohibited our involvement in European affairs) The Bolshevik Revolution of 1917 was supported by international financial interests in order to destabilize Russia and steal the wealth of the Russian people; and So-called "foreign aid" is merely a...
  • Should the United States Abandon the Federal Reserve System?

    03/09/2017 8:07:43 PM PST · by Tolerance Sucks Rocks · 54 replies
    Economics Wire ^ | March 9, 2017 | Viliyana Filipova / Mr. Conrad
    The Federal Reserve gives us the freedom to buy things now that we would otherwise have to wait for.In looking at the Federal Reserve, it is important to note that this is a money system, not just a group of people sitting in a conference room controlling everything having to do with the US dollar. The Fed is a system just like the government of the US is a system. What that means is that no one controls it, and that it is much bigger than any one person or group of people could ever control. They can guide it,...
  • Berkeley's campus Republican club sees surge of interest following Milo debacle

    02/03/2017 10:05:52 AM PST · by Lonely Bull · 20 replies
    KTVU ^ | Feb 02 2017
    BERKELEY, Calif. .(KTVU) - U.C. Berkeley Police officers were standing by Thursday evening, for the weekly meeting of the Berkeley College Republicans. It is the organization that invited alt-right firebrand Milo Yiannopolous to campus the night before. His appearance was cancelled when organized agitators invaded a peaceful protest, setting fires and breaking windows at the Student Union venue. "Milo had a right to speak, Milo should have been allowed to speak," declared club President Jose Diaz, to an overflow club meeting of some thirty students, some spilling into the hall. UCB estimated the campus property damage at $100,000. But the...
  • Wall Street Journal Premium Content Subscription Only: Government Bond Rout Deepens on Trump’s...

    11/15/2016 4:12:29 AM PST · by expat_panama · 14 replies
    Wall Street Journal Premium Content Subscription Only ^ | Nov. 14, 2016 4:02 p.m. ET | Min Zeng and Christopher Whittall
    The sudden surge in long-term interest rates has investors speculating once again about a turn in the long decline for bond yields—with a lot at stake for companies and consumers. Many U.S. mortgage rates are tied to 10-year bond yields, and higher yields can mean higher borrowing costs for companies. Rising rates make the U.S. dollar more attractive, risking capital flight out of developing countries. Bond yields shot up again Monday. The benchmark 10-year U.S. Treasury note touched 2.30%, up from a close of 1.867% on Election Day. That move would rank among the sharpest jumps for a similar period...
  • Clinton Attracts Special Interest Groups

    09/18/2016 8:21:37 AM PDT · by Ubetterubet129 · 5 replies
    Randyhallrants ^ | 9/18/16 | Randy Hall
    LAS VEGAS (AIP) - If campainging has become a game of capturing special interest groups, then presidential hopeful Hillary Clinton would appear to have a leg up opponent Donald Trump with at least one cabal -the Bulimic and Anorexic Men of America (BAMA). "We love Hillary," said BAMA spokesman Melvin Fischer. "Anytime I've had an exceptionally good meal and contemplate actually digesting it I just pop one of Hillary's porn videos in my DVD player and I'm hurling in no time."
  • Here’s where all the Fed officials stand on an interest rate hike

    09/13/2016 3:39:41 AM PDT · by expat_panama · 28 replies
    Yahoo Finance ^ | September 12, 2016 | Justine Underhill
    Today marks the last day of speeches from Federal Reserve officials before they gather to discuss monetary policy and a potential rate hike at the Sept. 20-21 Federal Open Market Committee (FOMC) meeting. In the final speech before the quiet period begins, Fed Governor Lael Brainard assured the markets that she wasn’t in a hurry to raise rates. Given that low unemployment has failed to increase inflation “the case to tighten policy preemptively is less compelling,” Brainard said. “My main point here is that in the presence of uncertainty and the absence of accelerating inflationary pressures, it would be unwise...
  • Why low interest rates are now doing more harm than good

    09/03/2016 8:21:58 AM PDT · by expat_panama · 22 replies
    The Telegraph ^ | 2 September 2016 • 9:00pm | Andrew Sentance
    Since the financial crisis, we have become used to living in a world of low interest rates. The official Bank of England interest rate was cut to 0.5pc over seven years ago and now it has been reduced further to 0.25pc. Until recently, it was possible for long-term investors to earn better returns and protect themselves against inflation by investing in government bonds. That is no longer the case. In 2010, a 20-year UK government bond was still offering an annual yield of 4pc, significantly above the 2pc inflation target. Yields dropped to between 2.5pc and 3pc following the euro...
  • Jackson Hole: the three tough questions central banks must ask themselves

    08/23/2016 4:20:56 AM PDT · by expat_panama · 13 replies
    The Telegraph ^ | 22 August 2016 • 5:32pm | Matthew Lynn and women who control the global monetary system get together for three days to debate the challenges facing the world economy – and how they might use monetary policy to fix it. This year’s title is “Designing Resilient Monetary Policy Frameworks for the Future”... ...Here are three good ones to start with: is quantitative easting actually working? Have we broken the banking system? And isn’t it time to update economic models that no longer tell us much about the real world? First, why isn’t QE working the way it was meant to? For a long time, central bankers were...
  • Central Banks Now Selling US Debt at Record Pace

    08/18/2016 11:12:36 AM PDT · by milton23 · 16 replies
    Daily Signal ^ | 8/18/16 | William T. Wilson
    In the first six months of 2016, foreign central banks sold a net $192 billion of U.S. Treasury bills, notes, and bonds. This is more than double the pace from the same time last year. China, Japan, and Brazil were the leaders in selling U.S. debt. With the U.S. debt running at approximately $19.4 trillion, this could be problematic. A large selloff of U.S. bonds would decrease their price, or in other worlds, increase domestic interest rates in general (bond prices and interest rates always move in the opposite direction).
  • Interest costs will make up entire deficit in five years, White House projects

    02/09/2016 10:16:20 AM PST · by aimhigh · 42 replies
    MarketWatch ^ | 02/09/2016 | Greg Robb
    According to the latest White House budget projections, the government's interest costs are expected to more than triple to $787 billion by 2026, as interest rates rise, from $223 billion in 2015. By 2025 and 2026, the government will spend more on interest costs than all non-defense discretionary outlays. Under the White House budget, the national debt will increase from $19 trillion to more than $27 trillion over the next decade.
  • Is The Fed "Seriously Considering" Negative Interest Rates?

    02/04/2016 9:57:02 AM PST · by Former Proud Canadian · 36 replies
    Zerohedge ^ | February 4, 2016 | Tyler Durden
    The Fed may "seriously consider" negative rates after moving rates back to zero, reintroducing forward guidance and making "stronger pleas" to Congress for fiscal policy action as there are complications for money markets, according to BofAML strategist Mark Cabana. This would not be a total surprise as Mises Institute's Joseph Salerno warns recent Fed commentary suggests they want to test-drive negative interest rates... In 2016, the Fed's annual stress test on banks will include a scenario in which the interest rate on the three-month U.S. Treasury bill becomes negative in the second quarter of 2016 and then declines to -0.5%,...
  • In shocking move, Japan adopts negative interest rate as deflation fight falters

    01/29/2016 3:27:36 AM PST · by TigerLikesRooster · 52 replies
    Japan Times ^ | Jan 29, 2016
    In shocking move, Japan adopts negative interest rate as deflation fight falters The Bank of Japan unexpectedly adopted a negative interest rate policy Friday, stunning investors with a move aimed at shielding the country's sluggish economy from volatile markets and slowing global growth. The BOJ said it would use a three-tiered system to charge for excess reserves parked with the institution, an aggressive policy pioneered by the European Central Bank that penalizes banks for holding cash and encourages them to loan it out. "The BOJ will cut the interest rate further into negative territory if judged as necessary," the central...
  • US to pay Iran $1.7 bn in debt and interest (dating to the Islamic revolution): Kerry

    01/17/2016 9:34:21 AM PST · by NormsRevenge · 36 replies
    AFP on Yahoo ^ | 1/17/16 | AFP
    Washington (AFP) - The United States is to repay Iran a $400 million debt and $1.3 billion in interest dating to the Islamic revolution, Secretary of State John Kerry said Sunday. The repayment, which settles a suit brought under an international legal tribunal, is separate from the tens of billions of dollars in frozen foreign accounts that Iran can now access after the end of nuclear sanctions. But the timing of the announcement, one day after the implementation of the Iran nuclear accord, will be seen as pointing to a broader clearing of the decks between the old foes. US...
  • Why Owning a House is Financial Suicide

    11/12/2015 11:23:52 PM PST · by Up Yours Marxists · 100 replies
    News.Com (Australia) ^ | November 13, 2015 08:32 GMT | James Altucher
    OWNING your own house is as much the Australian dream as the American dream, and it's one that feels increasingly out of reach for many. But when one user on Quora pondered whether it was ultimately better to rent or own your own home, blogger and investor James Altucher penned this highly controversial response: I am sick of me writing about this. Do you ever get sick of yourself? I am sick of me. But every day I see more propaganda about the American Dream of owning the home. I see codewords a $15 trillion dollar industry uses to hypnotise...
  • Federal Reserve Interest Rate Decision: Janet Yellen, FOMC Leave Rates Unchanged

    09/17/2015 11:06:00 AM PDT · by tcrlaf · 44 replies
    IBT ^ | 9-16-2015 | Jessica Menton
    In one of the most widely anticipated Federal Reserve decisions in decades, the U.S. central bank left interest rates unchanged Thursday. The Fed's pronouncement to leave rates at historic lows—where they’ve been since roughly the start of the Great Recession in 2008—signals that the U.S. economy has yet to fully recover from the near collapse. Market professionals are now looking ahead to a press conference from Fed Chair Janet Yellen at 2:30 p.m. EDT, searching for further hints as to the timing of the Fed’s future course of rate hikes. “Uncertainty from the Fed has been the biggest issue,” Stephen...
  • U.S. Equity Futures Slip as Fed's Rate Decision Looms

    09/17/2015 5:37:33 AM PDT · by citizen · 62 replies
    Fox News Business ^ | September 17, 2015 | Victoria Craig
    Fed decision day: The event traders across the globe have anticipated for months has finally arrived. As of 8:00 a.m. ET, Dow Jones Industrial Average futures were 43 points lower, or 0.26% to 16621. S&P 500 futures shed 6 points, or 0.31% to 1982, while Nasdaq 100 futures slid 10 points, or 0.24% to 4370. Today’s Markets Months of speculation about whether September was the month in which the Federal Reserve would begin to lift short-term interest rates is finally coming to a close. The Federal Open Market Committee meets for the final day of its two-day policy-setting meeting, which...
  • Markets Lay Bets On No Rate Hike; Economists Differ

    09/16/2015 5:14:58 AM PDT · by expat_panama · 23 replies
    Investors Busniness Daily ^ | 09/15/2015 | ANDREA RIQUIER
    Yellen May Surprise You Futures see 25% chance of ‘liftoff’ on Thursday;2-yr. yield hits 4-yr. high What if they threw an interest-rate hike and no one cooperated? The Federal Reserve has been edging tentatively toward the final step of monetary policy "normalization" for years. But events have conspired against it. In 2013, the mere mention that the Fed might slow additional bond buys sparked a worldwide market "taper tantrum." Ever since, despite broad consensus that the U.S. economy is on firm footing, one "one-time" event after another has cropped up to test that belief: the worst winter in decades, oil...
  • An OK Jobs Report Has the FOMC Rate Obsessed

    08/10/2015 4:16:25 AM PDT · by expat_panama · 17 replies
    Real Clear Markets ^ | August 10, 2015 | Louis Woodhill
    Federal Reserve Chair Janet Yellen and her merry band on the FOMC* seem determined to raise interest rates at their next meeting, which is scheduled for mid-September. If so, Friday's "Employment Situation" report from the Bureau of Labor Statistics (BLS) probably won't dissuade them. The BLS report was mixed. The number of FTE** jobs increased by 486,000, mainly because of a decline in the percentage of jobs that are part time. However, labor force participation fell to yet another modern low, and year-over-year growth of the weekly wages of "production and non-supervisory workers" came in at only 1.8%. There was...