File this under: Thanking the Federal Reserve. At the time of this writing, the Dow Jones Industrial Average is up 178 points, reaching 28,313.17 on Monday. Earlier in the session, the Dow edged up to 28,332.74, meaning that the leading stock index has recorded a significant milestone. Since President Donald Trump took office, the Dow […]
Federal Reserve
Week in Review: December 9 to December 15
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: EASING: Interest rates have been cut 750 times in last decade Former Federal Reserve Chair Paul Volcker dead at 92 Remember when the Communists abolished the weekend? WSJ […]
Random Friday: Conservatives win UK election, dot-plot, Trump breaks Don Lemon
News Story of the Day: Will Brexit finally be delivered? Well, Prime Minister Boris Johnson and his Conservatives earned a huge majority in Parliament in the United Kingdom’s election. This means now that the tories can move ahead with Brexit and pretty much anything else it wants for the next four years. Here are the […]
R.I.P. Paul Volcker, the Last ‘Good’ Central Banker
By: Jp Cortez The last true enemy of inflation the Federal Reserve has seen died earlier this week. Paul Volcker, former chairman of the Federal Reserve from 1979-1987, has passed away. Credited with tampering incredibly high levels of inflation during the Carter and Reagan administration by jacking up interest rates to unpleasant levels, Volcker’s passing […]
Is the Federal Reserve giving Donald Trump his weak dollar?
When he was running for president, Donald Trump claimed how valuable it was to possess a strong dollar. Potentially entering into his final year of his presidency, Trump has called for a weaker dollar, reversing the 25-year-old strong-dollar policy. And it looks like the Federal Reserve is giving it to him. Despite the greenback being […]