Federal Reserve Press Conference: Key Highlights from Bernanke
Federal Reserve Chairman Ben Bernanke’s press conference proceeded largely as expected. He didn’t say too many new things and mostly restated his well-known position. Below are some of the important highlights.
Donald Trump: Release Your Tax Returns?
“Maybe I’m going to do the tax returns when Obama does his birth certificate. I may tie my tax returns into Obama’s birth certificate,” said Donald Trump last week in an interview with ABC’s George Stephanopoulos.
Federal Reserve Press Conference: Background & Live Coverage
FOMC (Federal Open Market Committee) Chairman Ben Bernanke, for the first time ever, will hold a press conference on Wednesday after the FOMC’s monetary policy statement.
Donald Trump pleased (but not satisfied) after Obama releases birth certificate
Donald Trump finally got what he wanted: a birth certificate from Barack Obama (pictured left).
The Federal Reserve Doesn’t Get Inflation
Federal Reserve Chairman Ben Bernanke doesn’t seem to understand inflation. In 2011, he has denied its existence and dismissed the recent run-up in commodities prices as transitory.
Why Inflation is Coming to America
Inflation is coming to America because the Federal Reserve keeps printing money and has left interest rates at 0.25 percent since December 2008.
Donald Trump is racist: Cenk Uygur
Donald Trump “is a racist, I’m calling it, it’s official,” said liberal talk radio show host Cenk Uygur on The Young Turks.
Federal Reserve Press Conference: What to Expect
On Wednesday, the Federal Reserve is expected to hold its first ever post-policy meeting press conference.
Why the IMF's Projection about China Can't be Trusted
The IMF recently projected that China's economy will overtake the US economy by 2016. This projection, however, can't be trusted at all.
Federal Reserve Press Conference: What’s the Key Issue?
For the first time ever, Federal Reserve Chairman Ben Bernanke will hold a press conference on Wednesday after the Fed’s policy announcement. The key issue is likely to be inflation.
Is there any stopping gold and silver?
Gold and silver continue to defy expectation and climb higher by the day.
British Royal Wedding invites at least 8 dictators
The British royal wedding of Prince William and Kate Middleton has invited at least eight dictators, including some that have brutally cracked down on protesters during the 2011 Middle East / North Africa unrest.
British Royal Wedding Guest List [FULL TEXT]
Full text of the British Royal Wedding Guest List.
Gold, Oil, Dollar, CPI: What Factors Drive Them?
Since the height of the financial crisis, gold prices have soared, oil has surged, the US dollar has somewhat declined against other currencies, and US consumer price inflation has only inched up slightly.
Venezuela’s inflation is at 29 percent, and how that relates to the US
Venezuela’s inflation is at 29 percent and Argentina’s actual inflation (many allege the government data is fraudulent) is north of 20 percent.
Gold, yen may decline as austerity & rate hikes on tap
The Japanese yen and gold may be in trouble as countries around the world set for budget austerity and rate hikes in 2011.
Australian dollar bites at US dollar’s reserve currency status
In recent weeks, global central banks have accelerated their pace of diversification out of the US dollar. One of the main beneficiaries has been the Australian dollar, which has surged in the face of bearish developments.
Who is the Worst President Ever? Is it Obama?
“Barack Obama will go down as the worst president ever,” said Donald Trump in a recent media interview.
Why the Euro Ignores the Peripheral Debt Crisis
The euro has decoupled from the euro zone peripheral debt crisis in 2011.
US dollar in a phase of accelerated depreciation: Faros
The US dollar is in a new phase of depreciation, said Douglas Borthwick of Connecticut-based Faros Trading.
Which sovereign is the most risk-free?
US Treasuries are called the “risk-free assets” of the financial world. However, the moniker of “risk-free asset” may actually belong to another country.
Obama should blame the Fed instead for high gas prices
President Obama just announced that his Attorney General will form a task force to probe fraud in the energy market. What the Attorney General should do instead is investigate the Federal Reserve.
Attorney General Office to Scrutinize Energy Market for Fraud [FULL TEXT]
Attorney General Eric Holder today announced the formation of a Financial Fraud Enforcement Task Force Working Group to focus specifically on fraud in the energy markets.
Is the forex carry trade better than buying US stocks?
To get exposure, most investors immediately considered equities, which have been historically correlated with economic growth. However, an even better option may be the forex carry trade.
Why Racial Quotas in University Admissions Are Unfair
Many elite US universities, whether they admit it or not, have a racial quota against Asians. They cap the admission for Asians around 20 percent. T
Euro plunges, market finally cares about euro zone debt crisis?
After ignoring the worsening euro zone peripheral debt crisis for the last month, participants in the currencies market may finally be paying attention to it.
Risk-on rally resumes after last week’s interruption
The resumption of the global risk-on rally late Tuesday illustrates how trends work in the financial markets.
Professor claims ‘Coke sugar conspiracy’ makes people fat
UCSF Professor Robert Lustig claims sugar is a poison and Coke conspired to increase America's consumption of it.
Why Globalization is Misunderstood
Many policy mistakes by Western governments come from a misunderstanding of globalization, said Stephen D. King, chief economist of HSBC
Judge dishes harsh order for FL dad who encouraged son to fight bully
Florida Judge W.R. Heinrich ordered Philip Scott Struthers to cut off his relationship with his 16-year-old son.