By: Daniel Lacalle The US Dollar Index has lost 10 percent from its March highs and many press comments have started to speculate about the likely collapse of the US dollar as world reserve currency due to this weakness. These wild speculations need to be debunked. The US dollar year-to-date (August 2020) has strengthened relative to 96 out […]
Federal Reserve will leave interest rates near zero until 2023
Well, to no one’s surprise, the Federal Reserve is suppressing interest rates for longer. Following its two-day September Federal Open Market Committee (FOMC) meeting, it left interest rates unchanged in the target range of zero and 0.25 percent. It will stay this way until at least 2023, in addition to allowing inflation to run above […]
WATCH: The world is doing better than ever before
Have you ordered a lifetime supply of razor blades and rat poison? We don’t blame you. It is nothing but bad news on all the cable news networks, from CNN to MSNBC to Fox News. COVID-19, natural disasters, politics, and the list goes on. But you might be surprised to hear this: The world is […]
Would Beijing Biden’s approach to China differ from Trump?
By: Andrew Moran Former Vice President Joe Biden’s 2020 campaign has comprised of vague allusions to issues of the day, pandering platitudes that appeal to the lowest common denominator, and even plagiarism of President Donald Trump’s current policies. All this without any pushback from the Fourth Estate. Whether it is the Coronavirus pandemic or foreign policy in […]
Steven Mnuchin: Stop worrying about the deficit, Fed balance sheet
Are you losing sleep at night over the deficit? Do all of your conversations surround the national debt? Well, stay calm and listen to Treasury Secretary Steven Mnuchin. Speaking an in interview with CNBC, Mnuchin recommended that the United States should not be concerned about the federal deficit or the Federal Reserve’s exploding balance sheet. […]