News Story of the Day: China retaliated! Beijing announced on Friday that it will be imposing $75 billion in retaliatory tariffs on U.S. goods, escalating the trade spat between the world’s two largest economies. The Ministry of Commerce confirmed that it would slap additional levies of five percent and 10 percent on a total of […]
Federal Reserve
Will central banks be out of bullets in the next economic collapse?
By: Andrew Moran The Federal Reserve and other major central banks around the world have cast themselves as the next action heroes in a Hollywood blockbuster, firing off hundreds of rounds and never running out of ammunition. As they flood global markets with cheap money in the boom and bust phases of the business cycle, central bankers […]
Trump demands greater Fed easing as economy created 500k fewer jobs since 2018
Big news coming out of Washington this week: The United States economy created 501,000 fewer jobs since 2018 than previously reported. It turns out that the Bureau of Labor Statistics (BLS) got it wrong and that the average 223,000 monthly increase in jobs since last year could dip to approximately 185,000. This is bad news […]
Donald Trump calls for 1% rate cut, ‘some quantitative easing’
President Donald Trump is not pleased with only a quarter-point rate cut earlier this month by the Federal Reserve. He wants more and more! Although the central bank is widely expected to cut interest rates by another 25 basis points as early as next month, President Trump thinks it should be more aggressive. He tweeted: […]
Will the Treasury declare the Federal Reserve a currency manipulator?
By: Andrew Moran Contrary to President Donald Trump’s tweets, nobody wins a trade war. But there is another type of economic conflict that nobody wins either: a currency war. As nations compete in a race to the bottom, citizens are forced to contend with politicians and central bankers beating their chests and grunting like Neanderthals as […]