Featured StorySeeking out major trends and power shifts in the global economy is a part of my work that I enjoy most.
It's a lot of work, and needless to say, it involves constant research.
That's why a piece I recently read in Foreign Affairs absolutely shocked me...
The piece is a bit revolutionary, as its authors speak to a drastically different way of stimulating an ailing economy than the path we're on today.
U.S. federal reserve
The Real Reason the Federal Reserve Is Afraid to Raise Interest Rates
When the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve meets next week (Sept. 16-17) to consider when it should raise interest rates, it will have a huge disincentive to do so.
And we're not talking about what you'll hear in the mainstream media about whether the unemployment rate is finally low enough, or whether U.S. economic growth is finally strong enough to warrant tightening monetary policy.No, what the Federal Reserve fears most is a problem of its own creation...
How the Federal Reserve Is Killing America
It's maddening. Our economy is stagnating. The divide between haves and have-nots is widening every day. There are fewer and fewer good jobs and careers to be had. What the heck happened?
The U.S. Federal Reserve System is killing America. It has destroyed the economy. It has undermined savers and retirees. It is even responsible for the corruption in Congress.We have to kill the Fed before it kills America for good.
GameStop, Gap, and Shake Shack Headline Today's Stock Market News
Today's stock market news, August 22, 2014: With members of the U.S. Federal Reserve and notable economists meeting in Jackson Hole, Wyo., investors await new insight today (Friday) into when the central bank might raise interest rates and plans to sustain growth in the U.S. economy. For the first time, protesters have descended on the small ski town, questioning the Fed's policies and the "so-called" strength of the U.S. economic recovery. Fed Chair Janet Yellen will speak this morning.Here's a list of today's top stock market news...
FOMC Meeting: Fed Keeps Same Narrative, Taper Proceeds – but Markets Move
The U.S. Federal Reserve stuck to its usual script today after the Federal Open Market Committee (FOMC) meeting. The Fed announced the expected $10 billion cut to its almost two-year-old bond-buying program and reaffirmed its intention to keep interest rates low for a "considerable" period of time.And yet the markets reacted to this "non-news" as if it were a surprise...
Dow Jones Today: Energy and Pharma Mergers Top News
Dow Jones today, July 14, 2014: The Dow Jones Industrial Average rallied late on Friday after a surge by tech stocks overshadowed growing banking concerns in Portugal. This week, earnings season kicks into high gear with a handful of the nation's largest banks reporting. The markets are also highly anticipating a speech by Federal Reserve Chair Janet Yellen on Wednesday, as we continue to watch for signs that the central bank will increase interest rates.Here are the top stories that will be impacting the Dow Jones today:
Dow Jones Futures Slip 142 Points; U.S. Markets Brace for Fat Losses Today
U.S. markets today, July 10, 2014: Dow Jones futures today (Thursday) were down 142 points, S&P 500 futures slipped 16 points, and Nasdaq 100 futures fell 35 points as of 8:30 a.m. EDT.
European and Portuguese losses are dragging U.S. markets. Additional downward pressure comes from a delayed negative reaction to Federal Open Market Committee (FOMC) meeting minutes released Wednesday, which revealed Fed plans to end its bond-buying program in October.Here's a roundup of the top stories affecting the stock market today...
Silver Prices Today Ride FOMC Minutes to Slight Gains
Silver prices began to flounder this week coming off impressive gains in the previous month, but the U.S. Federal Reserve provided a quick spark in afternoon trading Wednesday.Here are the details...
New Gold Price Chart: Fed Minutes and Middle East Solidify Gold Above $1,320
Gold prices today (Wednesday) finished back over $1,320 an ounce after the release of the latest U.S. Federal Reserve minutes, and amidst turmoil in the Middle East.Take a look at our new gold price chart that reflects the current June-July rally, and get the latest on gold futures, spot gold price per ounce, and news driving up the price of gold...
Silver Prices May Be Cooling Down, but They're Ready for Second-Half Gains
Silver prices have been sideways this week, cooling off from a mid-June rally sparked by inflation-minded investors wary of the U.S. Federal Reserve's dovish talk.But the second half of the year looks good - here's why ...
FOMC Meeting Today: Lower Growth, Higher Rates
The two-day Federal Open Market Committee meeting wrapped up today (Wednesday) with the U.S. Federal Reserve revising down its previously more optimistic economic growth forecasts, and reinforcing expectations that interest rates will climb faster than what was previously anticipated.Here are the details.
The Tone of Today's FOMC Meeting Matters for Gold and Silver
Gold, silver, and the FOMC meeting today: Precious metal prices were fairly steady Wednesday morning awaiting the typically market-moving statement from the Federal Open Market Committee (FOMC) meeting today. The spot gold price was last trading down $0.90 at $1,271.50. July silver prices were last quoted up $0.003 at $19.735 an ounce.
Over the last several years, investors have shown a keen interest in shiny assets as the U.S. Federal Reserve liberally printed money and distrust in dollars grew. But that interest has waned as the Fed slows its bond buying.Now an FOMC meeting can be a strong headwind for gold and silver...
Feds Finally Put Their Scopes on the “Too Big to Jail”
Late last month, depending on how you look at it, either something wonderful happened - or the feds continued their cowardly, conniving ways.
A group of federal prosecutors met in Washington and in New York with various financial regulators to discuss filing criminal charges against and coercing guilty pleas out of two giant banks. This looks to be a historic occurrence.But two things say we shouldn’t pop open the champagne just yet...
- FOMC Meeting Today: How the Taper Is Affecting Markets The Federal Reserve went forward with its taper plans yesterday, announcing it would reduce its bond-buying by $10 billion per month. But that is no guarantee the Fed will continue to taper, especially if the economy falters. And now that the Fed has a new chief in Janet Yellen, we could be in for some surprises this year...
2014 State of the Union Address: Nine Ideas You'll Hear Tonight and Why They Matter
SOTU 2014: U.S. President Barack Obama will deliver his fifth State of the Union address tonight, which means tomorrow most media outlets will graph and "wordcloud" his most used buzzwords like "jobs," "invest," and "innovate."
Instead of waiting until after the SOTU, we put together the nine phrases you're likely to hear tonight - as well as why President Obama needs to address them.
Here's your outline of State of the Union 2014:To continue reading, please click here...
Five Winners in the Stock Market Today
It appears the stock market is headed for its fifth straight negative day as the markets opened lower on continued global concerns.
Any optimistic sentiments from Europe's recent summit and bailouts have passed, as Germany still is not committed to measures in the agreements.
After Spanish Prime Minister Mariano Rajoy announced surprisingly harsher austerity plans for Spain, there were riots in Madrid where more than 70 people were injured.
The stock market wasn't quite as violent, but after the U.S. Federal Reserve's minutes revealed no signs of QE3, the markets took a hit before finishing the day slightly higher. Today the market is still reeling as all three major indexes opened well in the red.
Even news of the lowest number of initial unemployment claims filed since March of 2008 could not lift the market. The Labor Department announced that initial claims seasonally adjusted came in at 350,000, down 26,000 from the previous week. Analysts had expected on average between 355,000 to 395,000 claims to be filed.
Those numbers may not be reliable, as many economists say the claims are lower due to automakers choosing to keep their plants open throughout the summer.
Typically many auto plants close for two weeks in the summer and lay off workers temporarily as the plants are prepped for new models. With higher demand this year many plants have remained open through July.
"It seems like the Labor Department is pretty adamant that this is more of a wonky seasonal adjustment than something we need to put too much stock in," Michael Hanson, U.S. economist at Bank of America-Merrill Lynch told Reuters. "The underlying trend in claims is probably still in the 370,000 range."
Those numbers are also low due to the fact that they are gathered from the holiday-shortened 4th of July week.
Even with the markets' slide today, there are still winners to be found. Here are five of the best performing stocks today:
Merck and Co. Inc. (NYSE: MRK) announced it received favorable results for its latest experimental osteoporosis drug, odancatib, and ended trials early because it worked so well. The drug is supposed to prevent bone fractures in women with osteoporosis and has been in testing since 2007.
Merck stock is up almost 4.5% as of noon.
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