Thursday, 10 May 2012 | Posted By:
| Source: CNBC.com
Japan is about to join Europe in the debt crisis ranks, with the two regions offering the best opportunities for investors to bet against, hedge fund manager Kyle Bass said.
Thursday, 10 May 2012 | Posted By:
| Source: CNBC.com
Investors pouring their money into long-term government bonds are deluding themselves into thinking they're getting safety against economic turmoil, hedge fund titan Paul Singer said.
Thursday, 10 May 2012 | Posted By:
| Source: CNBC.com
Officials at the Federal Reserve are increasingly concerned about the coming “fiscal cliff,” putting it on par with the European financial crisis and the housing market as among the U.S. economy's biggest potential threats.
Wednesday, 9 May 2012 | Posted By:
| Source: CNBC.com
For the first time in its history the Federal Reserve gave the thumbs up to an acquisition of a U.S. bank by a Chinese bank, opening the door for other Chinese banks to follow suit.
The Federal Reserve announced a series of approvals for some of China's biggest government-controlled banks to set up bank holding companies and expand existing operations in the United States.
The increase in inflation and decline in unemployment over the past year show the need to raise interest rates, Narayana Kocherlakota, president of the Minneapolis Fed, said on Wednesday.
Tuesday, 8 May 2012 | Posted By:
| Source: CNBC.com
According to one leading hedge fund manager, the recent rise in stocks is a temporary one that will be thwarted by the coming period known as “Taxmageddon.”
U.S. consumer credit shot up during March at the fastest rate since late 2001 as credit-card use, and student and car loans ballooned, data from the Federal Reserve showed on Monday.
The greenback and the U.S. bond market are headed for a collapse as the Federal Reserve loses the ability to service the nation’s debt with “artificially low” interest rates, Peter Schiff, CEO of Euro Pacific Capital told CNBC on Wednesday.
What is the future of central banks? It will be busy, because they are now expected to deliver both monetary and financial stability, writes Martin Wolf. The FT reports.
Central bank policies will induce growth in developed countries this year but will create inflationary risks down the road, PIMCO founder Bill Gross said in a letter to investors.
Two top Federal Reserve officials — one with a dovish, employment-focused bent, and the other a self-avowed inflation hawk — on Monday both said they see no need for the U.S. central bank to ease monetary policy any further.
Treasury Secretary Tim Geithner appeared on PBS NewsHour Thursday night. Jeffrey Brown asked him whether JPMorgan Chase spacer CEO Jamie Dimon should resign from the board of the Fed.... Read More
Recent volatility serves as yet another reminder that markets cannot be divorced from developments in the global economy — and especially at a time when the 17-member construct of the European monetary union is being increasingly questioned on account of what is happening in Greece.... Read More