It was only a matter of time before President Donald Trump started pleading for negative interest rates. As the rest of the world starts flirting with ZIRPs and NIRPs again, Trump is telling everyone: Me too! And not the #MeToo variety either. On Wednesday morning, Trump tweeted: The Federal Reserve should get our interest rates […]
Archives for September 2019
U.S. consumers racked up record $35.6 billion in credit card debt in Q2 2019
Well, if you thought consumers were putting too much on the credit card during gradual rate normalization, then imagine what they would do during interest rate cuts. It seems our love affair with credit cards happens with high and low rates, as evidenced in a new study. According to WalletHub, a personal finance website, U.S. […]
WATCH: Trump, Democrats are the same on trade policy – terrible
Is President Donald Trump really all that different from the Democrats on trade? Hardly. Don’t believe it? Here is a great compilation of remarks from Democrats and President Trump on the subject: It makes sense, though. Trump was a Democrat for much of his adult life.
Will slumping money supply growth trigger a recession?
By: Frank Shostak A slight strengthening in the momentum of consumer expenditure has prompted many commentators to suggest that as long as the US consumer continues to spend there is no risk of a recession ahead. The yearly growth rate of consumer expenditure at current prices stood at 4.1% in July against 4% in June. […]
Gold will top $2k if Federal Reserve adopts ZIRP: Citibank
Is the Federal Reserve heading to zero and beyond? The market certainly thinks that zero percent interest rates and perhaps even subzero rates are in the central bank’s future. Since there is weakness building in the United States and the rest of the world, the Fed is taking a preventive approach as it tries to […]