Federal Reserve policymakers weigh a broad range of economic scenarios to determine the right moves on interest rates during times of uncertainty, Fed Chairman Ben Bernanke said Friday.
What is more likely happening is a repeat of the Great Depression. We might have up to a year or so of an economy growing just slightly above stagnation, followed by a drop in growth worse than anything we have seen in the past two years.
Federal Reserve Bank of New York President William Dudley said that the risk of falling inflation is "problematic" for the economy and that interest rates should stay low for a while to ensure a "robust recovery."
Fed Chairman Ben Bernanke has reiterated his goal not to repeat the mistakes made back in the 1930s by tightening credit too soon, which he says would send the economy back into recession.
the author describes the looming catastrophe in finance/ currency in countries around the world; the threat of monetary deflation; some historical perspective.
The American economy remains in dire straits, with one worker in six unemployed or underemployed. Yet Goldman Sachs just reported record quarterly profits — and it's preparing to hand out huge bonuses, comparable to what it was paying before the crisis.
". . .In short, higher long-term interest rates reflect investors' concern about future inflation, future fiscal deficits and the future willingness of foreign investors to purchase US bonds.
WOW! This was a great discussion by Ron Paul with questions from high school students. He spoke about the Constitution, economics, his life and childhood, government, and foreign policy.
Money never gets adventurous although market participants quite take the steps to: HOW? They tap (into the system) global sources of money.
This week the UK will begin printing money to help stave off a full-blown deflationary recession. At first sight such an event is likely to induce extreme palpitations in the heart of ardent Thatcherites.
While a plethora of economists semi-blindly examines the current deflationary macro-economic trend, reality speaks to the fact that a massive wave of inflation is here. Before anybody calls me crazy...
If eastern Europe goes down, it may take the European Union with it
In his first televised speech before Congress, President Obama asserted that prosperity will return once the government restores the flow of credit in the economy. It may come as a surprise to him, but an economy cannot run on consumer loans.
"[T]ired of hearing economists argue that government and the Fed should expand credit for the good of the economy, Robert R. Prechter, Jr. [uses] an analogy [to] clarif[y the] subject....
The Bank of Japan has for almost 20 years insisted that it did not have the tools to end the banking-bust depression, could not help the deflation, was basically powerless, and that it depended on some structural reform that was supposed to be implemented by others--the governmen …
When Federal Reserve policymakers begin a two-day meeting today, they will be starting a new era in American monetary policy.
A very clever fellow pointed out the meaning behind all those noughts in the year "2000". They are bubbles. Three bubbles in one year had to point to something and indeed it did – the bursting of the dotcom bubble.
Zero interest rates, while sounding great, invariably carry very dangerous, unintended consequences, one of which is a condition known as a liquidity trap.
The Federal Reserve may reduce its main interest rate to the lowest level on record and prepare for one of the boldest experiments in its 94-year history on Tuesday: using its balance sheet as the key tool for monetary policy. The Fed's Open Market Committee will probably cu …
No, I'm not talking about Bob Corker, the Senator from Nissan — I mean Tennessee — and his fellow Republicans, who torpedoed last week's attempt to buy some time for the U.S. auto industry.
Peter Schiff was right all along, and they laughed him off of every business news program in the country. Who's laughing now? Well, nobody. Anyways, read this guy. He saw this coming years ago. To the letter.
Has anyone else noticed that the current crisis sheds light on one of the great controversies of economic history?
On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S.
"A study of the 1930s by Christina D. Romer, a professor at the University of California, Berkeley ("What Ended the Great Depression?," Journal of Economic History, 1992), confirmed that expansionary monetary policy was the key to the partial recovery of the 1930s.
For U.S. President-elect Barack Obama, there is only one way to address the many problems that await him: Go large.
Bad things are happening fast. Everybody says that the economy is a high priority but we seem to be living like all the people who died in the great Galveston hurricane in 1900.