“Donald Trump is the last person who wants to see interest rates go up. Not only does his personal business empire depend on low rates… so does his political empire.”
Read more: https://bonnerandpartners.com/the-fed-cant-stop-whats-coming/
“In China the fingerpointing over who is responsible for China’s economic mess has begun.”
“In private conversations, investors, entrepreneurs and economists admit that with the high debt level and a trade war with the United States, the room for government maneuvering is shrinking. The degrees of pessimism vary, but many of them are bracing for a tough ride ahead. They told me to change all my savings into gold, a risk-management measure for extreme times. They worry that the trade war will hurt the tech and the venture capital industries because they operate globally.”
Read more: https://www.cnbc.com/2018/07/17/latest-sign-of-chinas-slowdown-a-technology-cash-crunch.html
“Former President Richard Nixon arm-twisted Arthur Burns to maintain loose monetary policy as Nixon sought re-election in 1972. That didn’t work out particularly well: As the 1970s economy continued to grow, inflation took root thanks to low rates and remained stubbornly in place until the early 1980s.”
Read more: https://www.cnbc.com/2018/07/19/trumps-fed-criticism-is-nearly-without-precedent-in-us-history.html
“The three asserted that they had no choice but to use taxpayer money to stabilize the financial institutions. Paulson said, ‘I was totally ineffective at having the American people understand that what we were doing was for them and not for Wall Street.'”
Read more: https://apnews.com/f0c5c2a63f16473e999f64312039dbe2
“No research was done and no panel formed by the banking regulator before coming down heavily on the exchanges.”
Read more: https://qz.com/1321076/bitcoin-ban-how-rbi-choked-indias-cryptocurrency-ecosystem/
“At the end of the Korean War, both North and South Korea were poverty-ridden hellholes. But they took different routes. And got very different results.”
Read more: https://bonnerandpartners.com/trumps-trade-deals-are-a-futile-conceit/
“Google applied artificial intelligence to a vast amount of data from more than 216,000 adult patients hospitalized for at least 24 hours each in two medical centers.”
“They say the strategy led by DoD policy wonks could lead to dangerous nuclear escalation.”
“Outgoing Federal Reserve Chair Janet Yellen said U.S. stocks and commercial real estate prices are elevated but stopped short of saying those markets are in a bubble. ‘What we look at is, if stock prices or asset prices more generally were to fall, what would that mean for the economy as a whole?’ Yellen said. ‘And I think our overall judgment is that, if there were to be a decline in asset valuations, it would not damage unduly the core of our financial system.'”