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…
Global growth is stalling, and central banks are running out of options.
The European Central Bank just lowered their interest rates further into negative territory. But how do negative interest rates anyway?…
After meeting in Frankfort on Thursday, the European Central Bank announced a new six-point stimulus package aimed at improving the eurozone economy.
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.
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…
In our news wrap Thursday, the European Central Bank announced a plan to buy up $1.2 billion of bonds to stabilize Europe’s economy, a program similar to the U.S. Federal Reserve’s quantitative easing. Also, at least 13 people died in…
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