Page 10 - Fed Put News Today

The decay of America’s middle class has been well documented and many commentators have explored the causes. This decay isn’t random; the income of the middle class isn’t going to suddenly increase at 15 times the growth rate of the income of the top 0.1%. The income of the top 0.1% grew 15 times faster than the incomes of the bottom 90% because that’s the only possible output of America’s distorted financial system. The same can be said of the rising asymmetry of wealth. The top 10% ...

America’s “Helicopter Parent” The decay of America’s middle class has been well documented and many commentators have explored the causes. This decay isn’t random; the income of the middle class isn’t going to suddenly increase at 15 times the growth rate of the income of the top 0.1%. The income of the top 0.1% grew 15 times faster than the incomes of the bottom 90% because that’s the only possible output of America’s distorted financial system. The same can be said of the risi...

The Federal Reserve is the nation’s  Helicopter Parent, saving everyone from the consequences of their actions. We all know what happens when over-protective  Helicopter Parents save their precious offspring from any opportunity to learn from mistakes and failures:  they cripple their child’s ability to assess risk and learn from failure, guaranteeing fragility and catastrophically blind-to-risk decisions later in life. Helicopter Parents generate a perfection of  moral hazard, defin...

The Federal Reserve is the nations  Helicopter Parent, saving everyone from the consequences of their actions. We all know what happens when over-protective  Helicopter Parents save their precious offspring from any opportunity to learn from mistakes and failures:  they cripple their childs ability to assess risk and learn from failure, guaranteeing fragility and catastrophically blind-to-risk decisions later in life. Helicopter Parents generate a perfection of  moral hazard, defined as�...

What Could Go Awry? All of which sounds very pretty indeed, but it does raise a question: can risk really be destroyed, or can it only be transferred? And if it can only be transferred, then what’s it been transferred to? What a remarkable moment in time: every asset is lofting higher, with no limits in sight. The path ahead is already well-scouted: the U.S. economy will add a million jobs a month until the cows come home, Covid will continue fading until it basically disappears as an issue,...

, All of which sounds very pretty indeed, but it does raise a question: can risk really be destroyed, or can it only be transferred? And if it can only be transferred, then whats it been transferred to? What a remarkable moment in time: every asset is lofting higher, with no limits in sight. The path ahead is already well-scouted: the U.S. economy will add a million jobs a month until the cows come home, Covid will continue fading until it basically disappears as an issue, the dollar and volat...

January 06, 2021 TRANSCRIPT Andrew Metrick: Thanks a lot for joining us today, Paul. We appreciate it. You’re a great citizen for us at Yale. I want to ask you some questions about what we’ve learned over this last year on your topics of expertise. First, markets were overwhelmed by transaction flows as the COVID crisis began last spring. In response, some have called for the Federal Reserve to establish a broad repurchase facility to help finance the intermediation of such flows. Other...

With Congress needing more time to finalize a stimulus package, Wall Street left new highs Thursday to close out the week on a loss.  Speaker of the House Nancy Pelosi, D-Calif., signs a form next to Dr. Brian Monahan, attending physician Congress of the United States, after she received a Pfizer-BioNTech Covid-19 vaccine shot in Washington on Friday. (Anna Moneymaker/The New York Times via AP, Pool) MANHATTAN (CN) — Investors swarmed indices on Friday in a heavy round of trading, but the e...

The united states has been on island because of a lot of president trumps rhetoric and a lot of his behavior. im worried about what iran will do. if there is potential for conflict there. if that is the negotiations arent handled well. they are really only negotiations in name right now. there is not a lot of movement there. i would say the same about north korea. the final issue, which knit isnt a foreign policy issue. the fed put out a report that president trump put in place cost manufacturin...

Said set to come in, in december. how concerning? >> fed put out uncertainty as trade policy is a big negative. you mentioned the gm strike also boeing slowed production of the 737 because of the problems with the safety devices. so i think if all of that stuff is fixed before trade, 2.5% number. lost a half a percent because of trade uncertainty. the president focused on the up side. he wants to have a deal with china. has a ussca deal trading off for a stronger economy in the future. >> i get ...