Hints and tips:
...Read more of Ray’s fiery letter. 3....
...Marina became the first person from her community ever elected to the federal senate and built support for sustainable development in the Amazon region....
...Its $440bn credit arm makes more business loans than some midsize banks, making it not so much an investment outfit as an alternative financial system....
...“I felt like this little coup was all about the money, so I went and transferred $350,000 from a Chase account to a credit union account where they can’t get their filthy little hands on it,” he said....
...Ray Barrell: Growth in the UK should be moderately positive in the next year....
...A: The Union Jack Which animal lent its name to a European exchange rate band? A: The snake The Federal Reserve Economic Database, aka FRED, is one of the world’s best-known economic databases....
...Federal Reserve chair Jay Powell, World Trade Organization head Ngozi Okonjo-Iweala and Bank of England governor Andrew Bailey are among the top drawer list of speakers....
...In the 1970s, inflation created a distributional conflict between the unions and the employers....
...“If you go back to the 1970s . . . you didn’t have the printing of money back then but you had credit growth. You had very strong collective bargaining, labour unions,” he added....
...series hosted by the Federal Reserve Bank of Dallas....
...But changes to universal credit mean few will feel any better off....
...The quickest path to make sure that banks keep credit lines open, runs through the Federal Reserve....
...This month the Stoxx Europe 600 Banks index and the Dow Jones Bank Index of US lenders have each lost more than 40 per cent, while the cost of insuring bank debt through credit default swaps has soared....
...The pressure is firmly on the ECB after the Bank of England cut rates and launched a package of targeted measures to deal with the virus on Wednesday and the US Federal Reserve announced an emergency rate...
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...Relative forward P/E of software v semis, commercial & professional services v capital goods and C&P v transportation Bank of England stuck on hold — On Thursday there was consensus among UK policymakers...
...All that comes on top of the departure of founder Ray Kelvin earlier this year, after a hugging scandal....
...Saxo’s “central scenario” is one where “higher central bank liquidity combined with improving US and China credit impulses” helps bolster economic growth in the first half of 2020....
...The US Federal Reserve has managed to raise its federal funds rate to 2.5 per cent, but only with difficulty. The European Central Bank’s rate is still near zero, as is the Bank of Japan’s....
...Tomorrow markets will be scrutinising the Federal Reserve meeting minutes for January. Investors anticipate discussion about when the balance sheet contraction halts....
...Joseph Simons, the chairman of the Federal Trade Commission, has pledged “vigorous” antitrust enforcement, including hearings later this year on competition and consumer protection....
...Liikanen remains a probable alternative and would also be a good leader for the ECB for many of the same reasons as V. de Galhau....
...A halt to new credit is bad but the flight of pre-existing debt is worse. It also helps isolate public finances from private instability....
...Without the ECB operating the printing press, the economic recovery in southern Europe, where credit is still contracting, could soon fizzle out....
...Ray Barrell, professor, Brunel university Austerity will be much modified in the next few years....
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