By: Andrew Moran The ancient Lao Tzu proverb espouses that the journey to bailing out Wall Street begins with one freshly printed Federal Reserve Note. A chief tenet of the Powell Putsch in 2020 is to ensure the survival of the fat cats residing in the corridors of financial power by any means necessary. As health authorities […]
Federal Reserve
Ex-Federal Reserve president pushes basic income, tax cuts
Hey, two out of three ain’t bad! Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis from 2009 to 2015, is prescribing public policy panaceas to rescue the U.S. economy from the doldrums of the coronavirus pandemic. If you remember, last time he encouraged the Fed to adopt subzero interest rates. Now he is […]
S&P 500 tops 3,000 for the first time since early March as Federal Reserve bailout works
See! You should never bet against the Federal Reserve. On Tuesday, the S&P 500 surged more than two percent to top 3,000 for the first time since early March. Other leading stock indexes, such as the Dow Jones Industrial Average and the Nasdaq, also returned to their best levels in about two months. This should […]
THANKS FED: U.S. corporate borrowing surges as companies issue $1 trillion in bonds this year
Thanks to a zero-interest-rate-policy (ZIRP) employed by the Federal Reserve, corporations are borrowing like it’s nobody’s business! According to Bank of America Global analysts, highly rated companies are borrowing at the fastest pace in a year as new bond issuance has topped $1 trillion in just five months. Of course, you can thank the Federal […]
Donald Trump tweets ‘benefits of negative interest rates’ to mitigate financial crisis
Will the Federal Reserve introduce negative interest rates? It is possible, but it will probably leave that policy tool until the next financial crisis. That has not stopped President Donald Trump from continually pushing the central bank to impose subzero rates. He recently tweeted: “As long as other countries are receiving the benefits of Negative […]