Quantitative Tightening has removed 40% of Treasury securities and 28% of MBS that pandemic QE added. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet dropped by $107 billion in May, to $7.26 trillion, […]
Unrealized losses in the US banking system are once again on the rise, according to new numbers from the Federal Deposit Insurance Corporation (FDIC). In its Quarterly Banking Profile report, the FDIC says banks are now saddled […]
Returning to the gold standard would limit the issuance of new currency. There are geopolitical reasons why the US abandoned the gold standard in 1971. Fiat currencies are backed by the interest payments made on […]
The European Union just passed a directive requiring ESG mandates for European businesses. ESG, of course, stands for environmental, social and governance standards. Or in the fine print — definite corporate action concerning climate change; […]
The US government just spent over half a trillion dollars in interest payments on its national debt in a mere seven months. The Committee for a Responsible Federal Budget (CRFB) reports that net spending on interest reached […]
***The Europe Ahead series covers views from MEPs in charge of economic files for the main political groups in the run-up to the June EU elections. Right-wing arguments that Europe would need to sacrifice […]
ENB Pub Note: This is an outstanding article from Robert Bryce’s Substack. I highly recommend subscribing and following Robert. He will be on the Conversations In Energy with Stu Turley next month to go over […]
Japan, France, Germany, the United States and other wealthy nations are reaping billions of dollars in economic rewards from a global program meant to help the developing world grapple with the effects of climate […]
When JPMorgan Chase’s Chief Executive Jamie Dimon talks, financial markets listen. He helms the world’s largest U.S. and fifth-biggest bank, with $4.1 trillion of assets. Dimon, 68, has made his name steering several banks through tough times […]
JPMorgan Chase CEO Jamie Dimon on Wednesday urged the U.S. to reduce its fiscal deficit sooner rather than later, warning the issue will likely become “far more uncomfortable” if it continues to be overlooked. His comments […]
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