Why the Fed Should Just Let Bad Banks Die
Arif Ali/AFP/Getty Images When Ben Bernanke began his tenure as Chair of the Federal Reserve in 2006, America didn’t know much about this academic-turned-public servant. Once Chair of the economics...
View ArticleHere’s What’s Holding the Economy Back
Source: Thinkstock The economy has been on a roller coaster in the last six months. Gross domestic product contracted by 2.9 percent in the first-quarter (due in part to crippling weather), a massive...
View ArticleGold and Silver Edge Lower as Federal Reserve President Doubts QE Benefits
On Monday, gold (NYSEARCA:GLD) futures for December — the most active contract — decreased $5.30 to close at $1,365.70 per ounce, while silver (NYSEARCA:SLV) futures for September edged 16 cents lower...
View Article3 Reasons the Dodd-Frank Act Doesn’t Solve Too Big to Fail
On June 26, the House Committee on Financial Services held a hearing entitled “Examining How the Dodd-Frank Act Could Result in More Taxpayer-Funded Bailouts.” The focus of the hearing was clear: do...
View ArticleFed Officials to Markets: Calm Down!
Fed officials continue to verbally bandage markets, in what has been one of the most vocal weeks for Federal Reserve members in recent memory. Since Ben Bernanke warned of the much feared ‘tapering’...
View ArticleIs It Time to Worry About Low Inflation?
Lackluster inflation in the U.S. and Europe has some worried about countries running the risk of deflation. As companies are unable to increase prices for fear of losing customers, the price of goods...
View ArticleBill Gross: Is the End of the Bull Market Within Sight?
Everywhere PIMCO founder and co-chief investment officer Bill Gross looks, he sees bubbles. “Not just in the bond market,” he told Bloomberg Television in an interview earlier this week, but in the...
View ArticleFed’s Lacker: Time to End Housing Stimulus
Richmond Federal Reserve President Jeffery Lacker called Wednesday for the U.S. Central Bank to end its role in stimulating the housing market, pointing to modest recovery in the sector. Worrying about...
View ArticleFed’s Lacker: “Too Big to Fail” Banks Need to Go
Speaking at a conference, in Richmond, Virginia, President of the Federal Reserve Bank of Richmond Jeffery Lacker called for a comprehensive end to “too big to fail.” In his remarks from April 9, Mr....
View ArticleAmericans Have Never Loved the Economy More
Gallup’s U.S. Economic Confidence Index climbed to -8 for the week ended May 4, matching the five-year weekly high set in February. The index in April also tied the five-year monthly best, with...
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