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US Crude oil turned negative on Monday, throwing the oil market into panic mode.How long until the Federal Reserve adds oil to the long list of things its willing to buy to prop up the economy?Trump wants to buy 75 million barrels an…
Janet Yellen says maybe the Fed should be allowed to buy stocks. But letting the Federal Reserve pick winners and losers is a bad idea. It would hamper market efficiency, and it wouldn’t be fair. Former Fed Chair Janet Yellen says Congress should consider allowing the Federal Reserve to buy stocks. She said that, while…
Fed speakers are doing their best to raise easing expectation as much as they possible can. FOMC member Rosengren has even suggested that the U.S. central bank could start buying stocks, a violation of its mandate. With another rate cut almost priced in for the upcoming March meeting, Jerome Powell’s sudden ultra-dovishness seems suspicious. The…
The Federal Reserve is reportedly considering loaning money to hedge funds for them to make risky bets. Fed policies have greatly benefited the rich and led to massive U.S. wealth inequality. That benefits Bernie Sanders as he strives to defeat Donald Trump in 2020. Bernie Sanders has been rising fast as a 2020 presidential contender,…
Many have called bitcoin as the biggest bubble in history. Who can blame them? The meteoric rise of the cryptocurrency from $0.06 in 2010 to as high as $20,000 in 2017 has left many dumbfounded. The fact that bitcoin is still alive and starting a new bull trend is giving critics ammunition to call the…
The Federal Reserve’s recalibration of monetary policy continued Wednesday, as officials voted to lower the benchmark interest rate by 25 basis points. Although the decision was widely expected, traders had grown skeptical about the prospect of another rate cut in the days leading up to the meeting. On Tuesday, Fed Fund futures prices implied a…
