Since 2014, the People’s Bank of China (PBOC) has dumped approximately $250 billion of United States government debt. The purpose of the sale was to fund its stimulus projects, prop up the yuan and ease capital outflows. This irked many officials and investors in the U.S., partly laying the blame of the nation’s economic mess […]
Archives for June 2016
Hillary Clinton or Donald Trump – U.S. foreign policy will stay the same
We’ve all known that former New York Democratic Senator and former Secretary of State Hillary Clinton is a warmonger, a statist, an interventionist. She is like the rest of her post-World War II predecessors – Lyndon Baines Johnson, Richard Nixon, George W. Bush, Barack Obama – a lover of war. But what about billionaire real […]
Central Bankers Are Wrong About Inflation, Deflation
By: Frank Shostak The majority of economists view deflation as a general decline in prices of goods and services. This is viewed as a major threat to the public’s well-being for deflation is seen as a major factor that plunges the economy into an economic depression. Most of them are of the view that central […]
Breaking: Federal Reserve will NOT raise interest rates in June (updates)
The Federal Reserve said Wednesday that it will NOT raise interest rates this month. The central bank did not provide any hints as to a potential July rate hike. Moreover, the United States central bank forecasts three interest rate increases in both 2017 and 2018. Six Fed officials predict a single rate hike this year, […]
With hours to go, odds of Federal Reserve Rate hike are just 2%
Federal Reserve Chair Janet Yellen will announce at 2 p.m. as to whether or not the United States central bank will raise interest rates. With just hours to go, the odds of a rate hike are slim to none, likely due to a potential Brexit and weak U.S. employment data. According to the CME Group […]