Well, the new head of the European Central Bank (ECB), Christine Lagarde, delivered her first address. And, if you were expecting something different, then you will be immensely disappointed. In fact, you may pine for the days of Mario Draghi. But prior to her official statement in Brussels, she spoke to eurozone policymakers and slammed […]
Federal Reserve
Week in Review: October 7 to October 13
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: Federal Reserve to begin expanding balance sheet soon Jim Rogers: U.S. dollar’s ‘fundamentals are horrible’ Will Greta Thunberg Be Another Do-Nothing Nobel Laureate? Random Friday: QE4, Fed drives […]
Random Friday: QE4, Fed drives Dow, Beto’s Islamophobia
News Story of the Day: Federal Reserve Chair Jerome Powell said he would begin expanding the balance sheet and by god that is what he is going to do. The central bank confirmed that it would start purchasing $60 billion per month in Treasury bills to guarantee “ample reserves” in the financial system, a technical […]
Federal Reserve to begin expanding balance sheet soon
It wasn’t just a tapering of the taper, but now it is in full expansion mode. Speaking to the National Association of Business Economists, Federal Reserve Chair Jerome Powell candidly said that he is open to additional interest rate cuts because of the global economic slowdown. This was expected, despite his previous words of caution […]
Week in Review: September 30 to October 6
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: IPO market suffering from multi-class shares: Goldman Sachs WOKE: Europe considers MMT, quantitative easing for the people WELFARE WALL: Los Angeles paid $1.3 billion in welfare to illegal […]