February 7, 2021 | Controlling the Curve
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If time is money, then interest rates are the price of time. The most important interest rates in the world are for US Treasury securities. This is why I’ve long said it makes no sense for a committee to set those rates. The markets could do just fine without that help, thank you. But the Federal Reserve’s Open Market Committee arbitrarily decides the overnight Federal Funds rate. And lately, it doesn’t stop there.
Okonjo-Iweala on verge of becoming WTO leader
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Quick Fix It’s all but official. Former Nigerian Finance Minister Ngozi Okonjo-Iweala is set to become the first woman and first African to lead the WTO after the Biden administration dropped the block imposed by its predecessor.
Owning a business is tough enough under normal circumstances, and the world is anything but normal due to COVID-19, which has wreaked havoc on the restaurant industry. Christopher Joseph, Jr., general manager of Houston’s This Is It Soul Food, joined Yahoo Finance Live to discuss the impact of COVID-19 on Black-owned businesses. This is it Soul Food is one of the oldest African-American restaurants in Houston, Texas. It was founded in 1959 by.
Controlling the Curve
If time is money, then interest rates are the price of time. The most important interest rates in the world are for US Treasury securities. This is why I’ve long said it makes no sense for a committee to set those rates. The markets could do just fine without that help, thank you. But the Federal Reserve’s Open Market Committee arbitrarily decides the overnight Federal Funds rate. And lately, it doesn’t stop there.
Like the proverbial frog in a boiling pot, we are slowly being conditioned to accept this as normal. The warm water feels good at first. We think we can hop out in time. It’s not clear we can. And it’s not just the Fed. Central banks all over the world are turning the heat up on the various currency pots.
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