The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”?
The post Fox in the Hen House: Why Interest Rates Are Rising appeared first on BSNEWS.
The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”? On March 31st the Federal Reserve raised its benchmark interest rate for the sixth time in 3 years […]
In a recent article for The Duran I wrote of how the economic situation in Ukraine appeared once more to be deteriorating, with economic statistics apparently being distorted to conceal the extent of the rise in inflation, making the claimed figure of 2% GDP growth in 2017 unlikely.
In a further sign of a deteriorating economic situation, recent reports from Ukraine speak of rolling electric power blackouts in some regions, suggesting growing energy shortages as the price of oil hikes.
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Critical Questions for students of Economics and Finance, as well as for retail investors worldwide: If you were shown how an academic discipline, or an investment marketplace, were rigged, or at the least, not fully what they’re officially sold as being, would you still invest your time, effort and/or hard earned cash? Or would you want the truth, and to then plan accordingly around it? Is ‘fitting in’ that important to you to where you’d potentially turn a blind eye to scientific and political realities involving financial corruption? How long until you lose your shirt on said prescri
Temer has vowed since replacing Dilma Rousseff as president that he will make sure austerity and reform packages are passed through the Senate in a bid to revive the economy and boost business confidence [Xinhua]
A combination of falling interest and inflation rates and a boost in consumer and business confidence is signalling that the Brazilian economy, one of the worst faring in BRICS for the past four years, is finally turning a corner.
The current average household credit card balance in the US is $7,996. Interest rates are on the rise - the system is broken and, eventually, it must fall apart. [...]
This article first appeared on Russia Feed.
Further confirmation that the Russian economy is now in a condition of steady growth came from the latest survey by IHS Markit, which showed manufacturing PMI (Purchasing Managers’ Index) in July rising to a six month high of 52.7.
To those unfamiliar with the concept of PMI here is how IHS Markit explains it
The Federal Reserve has hiked interest rates three times since Trump was elected, but only once during Obama’s eight years. This has led to the suspicion that the Fed is trying to undermine Trump's economic programs and his voter support. [...]
