The U.S. Stimulus Package May Not Be Enough To Contain The Economic Shock
The U.S. Treasury received an additional “$450 billion” from Congress as a part of stimulus package.
Fed
Post Fed Purchase Mortgage REIT Rebound, Do We Stop Worrying?
Fed’s purchase move brings in some “positive effect on liquidity” besides lightening the panic stricken securities related to loans.
The Promise Of ‘Interest Rate Hike’ By Fed Finds Dollar On Steadier Ground
The representatives of Fed halts further fall of dollar by talking about hikes in interest rates.
A very expensive cashless economy
After the March 2011 earthquake and tsunami that struck the coasts of Japan, one of the most important difficulties faced by the survivors was to buy their daily groceries. Most of them had left with their credit cards and phones but those proved to be useless in a post-disaster society. A few weeks after the tragedy, an old man was asked what he would have done differently to prepare from the evacuation “I wished I had packed a decent pair of shoes, my toothbrush … and some cash” he said. Here is why a cashless society can put us all in that same situation.
A Presidential Nomination In Favour Of Trump Could Pose ‘Global Growth Scare’: Gundlach
The upcoming presidential period may cause fear on a global scale if the nomination is in favour of Trump, predicts Gundlach.
Why big banks look forward to a cashless society
Banks are like any other business, but they have a particular position on the market. They permeate every other kind of business, as an intermediate agent in almost every type of transaction, except one: cash. Thus, banks are trying to close the loophole, through the slow deletion of cash from our societies.
Interest Rates To Remain Steady As Per Fed’s Decision
Fed keeps the interest rates on a steady footing which caused quite a bit of movement in the global financial market.
U.S Market in turmoil as investors and analysts bet over the Fed changing interest rates
The market is in a state of turmoil in U.S.A with bonds plummeting and the Fed deciding on increasing rates. Investors and analysts are caught up in a betting game in regards to the Fed’s stance regarding the near future of the rates.
