Interest Rate Increase One Week from Today: What It Means for Stocks in 2016
Exactly one week from today, the Federal Reserve is expected to raise its benchmark interest rate, the federal funds rate. It will be the first time interest rates have gone up in the U.S. since 2006. Consumer More...
Nobel Laureate in Economics Joseph Stiglitz: Fed Up with the Fed
At the end of every August, central bankers and financiers from around the world meet in Jackson Hole, Wyoming, for the US Federal Reserve’s economic symposium. This year, the participants were greeted More...
Peter Schiff: Interest Rate Hike Could Spark Economic Collapse
Forget about higher interest rates. To starve off an economic collapse, the Federal Reserve may have to resort to another round of quantitative easing. At least, that’s according to famed investor Peter More...
Deputy Governor of the Bank of England Howard Davies: Is Financial Repression Here to Stay?
There are several definitions of financial repression – and the repressors and the repressed tend to see things differently. But what financial repression usually involves is keeping interest rates below their More...
Harvard Professor Martin Feldstein: The Inflation Puzzle
The low rate of inflation in the United States is a puzzle, especially to economists who focus on the relationship between inflation and changes in the monetary base. After all, in the past, increases and More...
Nobel Laureate Robert Shiller: Inspiring Economic Growth
NEW HAVEN – In his First Inaugural Address, during the depths of the Great Depression, US President Franklin Delano Roosevelt famously told Americans that, “The only thing we have to fear is fear More...
Harvard Professor Martin Feldstein: America’s Risky Recovery
The United States’ economy is approaching full employment and may already be there. But America’s favorable employment trend is accompanied by a substantial increase in financial-sector risks, owing More...
Harvard Professor Ricardo Hausmann: Secular Stagnation for Free
Something is definitely rotten in the state of capitalism. Despite unprecedentedly low interest rates, investment in most advanced countries is significantly below where it was in the years prior to the 2008 More...
Nobel Laureate Robert Shiller: How Scary Is the Bond Market?
The prices of long-term government bonds have been running very high in recent years (that is, their yields have been very low). In the United States, the 30-year Treasury bond yield reached a record low More...
‘Dr. Doom’ Nouriel Roubini: The Negative Way to Growth?
Monetary policy has become increasingly unconventional in the last six years, with central banks implementing zero-interest-rate policies, quantitative easing, credit easing, forward guidance, More...