by Andrew Moran | Jan 5, 2020 | Articles, Columns, Economic Affairs News
To welcome the new year, the People’s Bank of China (PBoC) is doing the same thing it did last year: trying to boost the world’s second-largest economy by reducing the total number of deposits that commercial banks are mandated to set aside as reserves. Last year,...
by Andrew Moran | Dec 28, 2019 | Articles, Economic Affairs News
Morgan Stanley, the fifth-largest bank in the world, announced a year-end round of efficiencies that will result in approximately 1,500 job cuts, or roughly 2% of the company’s workforce. The world’s biggest equities trading firm will concentrate on technology and...
by Andrew Moran | Dec 15, 2019 | Articles, Columns, Economic Affairs News, Politics
Death By 750 Cuts The Federal Reserve recently concluded its last policy meeting for 2019 and the Federal Open Market Committee (FOMC) unanimously left interest rates unchanged at a target range of 1.50% to 1.75%. The U.S. central bank’s dot-plot – a forecast of 12...
by Andrew Moran | Dec 12, 2019 | Articles, Business News, Economic Affairs News, International, Politics
Since the election of President Donald Trump three years ago, the fake news industrial complex has portrayed the U.S. as a fallen wasteland, a nation that has metastasized into a dystopian nightmare because of the real estate billionaire mogul’s victory in 2016. The...
by Andrew Moran | Jun 19, 2019 | Articles, Business News, Economic Affairs News, Politics, Taxes, Trump Administration
The Federal Reserve has employed the Nike strategy of monetary policy for a decade now: Just Print It! Whenever Washington gets into fiscal trouble, which is par for the course these days, the central bank turns into a helicopter parent and drops off a bag of cash to...