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The Federal Reserve’s FOMC meets on Wednesday. Given soaring unemployment, some economists are calling for negative interest rates. After years of failed policy in Europe and Japan, the U.S. should steer clear of this deflationary death-trap. The Federal Reserve meets next Wednesday, as the FOMC will decide on interest rates, which currently sit at record…
The world’s longest-running bull market officially ended Monday. Malaysia’s stock market benchmark is more than 20% off its highs. The FTSE Bursa Malaysia KLCI Index went 12 years without a 20% pullback from any peak. But that ended today. The milestone is an omen for the U.S. stock market. Malaysia’s stock market enjoyed the world’s…
Dak Prescott’s contract negotiation is important, but it’s not the only challenge facing the Dallas Cowboys this offseason. From Amari Cooper to Byron Jones, the Cowboys face major questions before free agency arrives. The Cowboys absolutely need Prescott, but not if his enormous salary demands brutalize the rest of the roster. You could easily make…
Ray Dalio sees little to worry about regarding the coronavirus outbreak. The hedge funder expects markets to rebound despite concerns over slowing growth. The virus will shave about one percentage point from China’s economic growth rate. Even as the death toll from the fast-spreading coronavirus illness exceeds 1,000 people in China and the number of…
The Chiefs are celebrating their Super Bowl LIV victory – and their first championship in five decades. It’s customary for teams who win major championships to visit the White House, although this has been a thorny issue since President Trump was elected. Chiefs head coach Andy Reid has said he’ll “be there” if an invitation…
