The Persian new year holiday, known as Nowruz, began March 20. It treats the 13th day as special. In general, folks celebrate by going to a park or verdant outdoor area and releasing bad luck. […]
Authored by Adeline Von Drehle via RealClearPolitics.com, In the city’s 14th municipal district, known here as an “arrondissement,” people walk in the street as mounds of trash stake their claim on the sidewalk. And walk […]
From: Counting the Cost Inflation in the United States hit a 40-year high over the past 12 months and the Federal Reserve raised interest rates eight times to rein in price increases. But the policy […]
Having raised rates by 25bps (as expected) and offered a dovish bias to the statement with regard future rate-hikes, Fed Chair Powell now has the unenviable task of threading the needle between too-dovish (what does […]
Tl;dr: Fed hiked 25bps and maintains QT (as expected), and left the terminal rate (via the DotPlot) unchanged. However, it shifted a slightly more dovish guidance on future policy hikes and an admission that the […]
Authored by Yves Smith via NakedCapitalism.com, The incompetence of our financial regulators, most of all the Fed, is breathtaking. The great unwashed public and even wrongly-positioned members of the capitalist classes are suffering the consequences […]
Global banking has been in turmoil over the last two weeks following a series of stunning bank collapses in Europe and the United States. Despite a series of rescue packages for troubled lenders and the […]
Dow Jones futures were little changed ahead of Tuesday’s open, as JPMorgan Chase (JPM) and other big banks made new efforts to stabilize troubled First Republic Bank (FRC). FRC stock crashed 47% Monday, hitting a […]
Authored by David Stockman via InternationalMan.com, Why would you throw-in the towel now? We are referring to the Fed’s belated battle against inflation, which evidences few signs of having been successful. Yet that’s what the […]
Here’s some bad news for drivers of luxury cars and large sport-utility vehicles who are pumping the top grade of gasoline: the premium they pay over regular fuel is getting pricier.US and European refiners are […]
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