As the United States government goes deeper into debt, the Federal Reserve is monetizing the red ink. This week, the U.S. central bank is widely expected to ramp up its purchases of long-dated Treasury bonds after it confirmed last week that it would let inflation run higher than the two percent target rate. The Fed […]
Federal Reserve
LOL: Ex-Zimbabwe central banker says Ben Bernanke got QE idea from him
Here are two tweets that will make your jaw drop. The former head of the Zimbabwe central bank sympathized with the Austrian School of Economics. Former Federal Reserve Chair Ben Bernanke got the idea about quantitative easing from Zimbabwe. Huh? That’s the claim from Nick Giambruno. Here are the tweets: 1/2: One time I met […]
Federal Reserve set to reduce currency swap agreements next month
All quiet on the U.S. dollar front? Apparently so. The Federal Reserve is confident about the dollar’s liquidity in global financial markets that it is trimming its currency swap agreements with several major central banks next month. According to the European Central Bank (ECB), the Fed would cut the number of seven-day swap operations with […]
Random Friday: Manhattan rents, a big short in currencies, don’t criticize Kamala Harris
News Story of the Day: Well, if you ever wanted to move to the lovely place of Manhattan, then now would be an opportune time. Thanks to the disastrous policies of Mayor Bill de Blasio and Governor Andrew Cuomo, it hasn’t been this cheap to live in Manhattan in years. Manhattan apartment rents fell ten […]
Federal Reserve buys Apple, Microsoft bonds despite tech boom
The Federal Reserve scooped up more bonds from multi-billion-dollar multi-national corporations last month, giving Wall Street a clandestine bailout. According to new central bank data, The Fed bought corporate bonds from: Apple Microsoft Coca-Cola Walmart Walt Disney AT&T Comcast General Motors BMW These were just the tip of the iceberg. The total value of holdings […]