The world’s central banks are likely to vastly increase their money creation, resulting in the biggest monetary bubble ever, with perhaps $100 trillion more new money on its way into the global economy, predicts economist Terry Burnham.
By Terry Burnham
First, of course, are the political implications. Second, these are millions upon millions of people who were voting against their pocketbooks. The third shock is more personal: my apparent over-reliance on the prediction markets, and on economists like Justin Wolfers…
By Paul Solman
Global growth is stalling, and central banks are running out of options.
By Benn Steil, Emma Smith
The European Central Bank just lowered their interest rates further into negative territory. But how do negative interest rates anyway?…
By Mohamed El-Erian
By Kristen Doerer
After meeting in Frankfort on Thursday, the European Central Bank announced a new six-point stimulus package aimed at improving the eurozone economy.
By Associated Press
The world's financial leaders see a number of threats facing a global economy still on an uneven road to recovery with U.S. and European officials worrying that Greece will default on its debt.
By PBS NewsHour
By PBS NewsHour
In our news wrap Wednesday, the Federal Reserve said it was open to raising interest rates, but the job market must improve and inflation has to move closer to 2 percent for a rate hike. Also, gunmen attacked Tunisia’s National…
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