Hints and tips:
...In the past, Turchin has talked of creating a Federal Reserve for societal risks. Given the Fed’s errors in forecasting inflation, he now favours another analogy....
...Monetary policy: US Federal Reserve governor Michelle Bowman will give a speech on banking reforms at a conference hosted by the Fed’s St Louis branch....
...According to the RealClearPolitics polling average, Biden has been gaining some ground compared to early March when he delivered his State of the Union address to Congress....
...US federal prosecutors have accused an unnamed Indian government official of orchestrating a “murder-for-hire” plot to kill a Sikh activist in New York....
...Lucy FisherBecause also this week we’ve seen this dawn raid in Brussels on Nuctech, the Chinese company that provides security equipment, X-ray scanners, human scanners across a lot of the European Union...
...The Federal Reserve, the European Central Bank and the Bank of England all held interest rates steady at their meetings this week....
...[MUSIC PLAYING] Marc FilippinoThe website formerly known as Twitter is in hot water with the European Union. On Thursday, the EU opened an investigation into the social media site X....
...Here’s more on the latest attempt by a bank to get into the rapidly growing private credit market. 5....
...A decision by Fitch to downgrade the US’s credit rating from triple A to double A plus has triggered equity market falls in Asia and Europe....
...McCarthy’s latest salvo came as Biden addressed union workers in Maryland....
...Small businesses probably can’t obtain credit from large banks on the same terms that a regional bank could provide....
...We have more banks this week, with a particular focus on the UK’s high street lenders, as well as earnings calls from both Credit Suisse and UBS....
...Separate walkouts will happen at Guy’s and St Thomas’ Trust in south London and the Yorkshire Ambulance Trust after Unite union members rejected their latest pay offer....
...Recall that Congress has the Article I power “to borrow money on the credit of the United States.”...
...The union of Credit Suisse and UBS will have enormous bearing on the stability of global banking....
...During the 1990s, conventional law and order in the former Soviet Union had broken down. The collapse of the communist system had left a vacuum in which new forms of economic activity were emerging....
...But as that “X date” gets closer, we could see a real market rollercoaster. We could see a downgrade of US debt by the credit rating agencies....
...Francis Breedon: The inflation outlook remains highly uncertain....
...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....
...Then I want you to have probably another month of back-up in a savings account that’s attached to your checking account at your credit union or your bank....
...President Vladimir Putin is expected to attend a parade in St Petersburg....
...And he said-- I said, you know, I was just in St....
...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....
...By the way, this Friday also happens to be the western church’s feast day of St Jude, patron saint of lost causes. Just saying....
...Also, listen to Rob talk about the Federal Reserve breaking things....
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