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2 episodes with fed chair janet yellen
2 episodes with fed chair janet yellen
2 episodes with fed chair janet yellen
2 episodes with fed chair janet yellen
2 episodes with fed chair janet yellen
2 episodes with fed chair janet yellen
Former Treasury Secretary and former Fed Chair Janet Yellen joins the show with her outlook for monetary policy, inflation and how the President's tariff strategy is impacting global markets. Then the IPO market remains hot with fintech company Chime making its public debut on the Nasdaq. We have more on the business ahead of the first trade. And finally, new details on the crash of an Air India passenger plane bound for London. Carl Quintanilla and Sara Eisen cover it all on Money Movers.
Hungarian Prime Minister Viktor Orban said publicly what many of us were thinking: Ukraine can not win the war and the only way to stop senseless death and destruction is to work out a peace deal between the US and Russia. Will this happen any time soon? Are nations more concerned now over who wins and sending more money over preventing more slaughter? Within our borders, the Federal Reserve says inflation has been devastating to Americans to the point where they were worse off overall in 2022 than in the previous year (during the pandemic). As high inflation continues, Fed Chair Janet Yellen is warning the U.S. may run out of money if an agreement on the debt ceiling can not be reached. Dr. Jerome Corsi examines these issues and the ramifications on The Truth Central.Also, Norway has sent climate activists into a tizzy after advancing its oil drilling efforts. This comes concurrently with an Exxon study explaining how the "Net Zero by 2050" agenda is rooted in pure fantasy.Follow Dr. Jerome Corsi on Twitter: @corsijerome1Our website: https://www.thetruthcentral.comOur Sponsors:MyVitalC: https://www.thetruthcentral.com/myvitalc-ess60-in-organic-olive-oil/Swiss America: https://www.swissamerica.com/offer/CorsiRMP.phpThe MacMillan Agency: https://www.thetruthcentral.com/the-macmillan-agency/Pro Rapid Review: https://prorrt.com/thetruthcentralmembers/RITA: https://members.sayrita.com/truthcentralreaders/Become a supporter of this podcast: https://www.spreaker.com/podcast/the-truth-central-with-dr-jerome-corsi--5810661/support.
Host Jo Reed and AudioFile's Alan Minskoff discuss an audiobook centered around Treasury Secretary and former Fed Chair Janet Yellen's essential empathy. Christine Padovan narrates this biography of a woman who has reached the highest levels of public service with a subtle, thoughtful voice and slight New York accent. Owen Ullmann writes of Yellen's life of exceptional achievement, her economic acumen, and her people skills. All are fully displayed in this laudatory biography. Read the full review of the audiobook on AudioFile's website. Published by Hachette Audio. Find more audiobook recommendations at audiofilemagazine.com Support for AudioFile's Behind the Mic comes from Rob White's THE MAESTRO MONOLOGUE from PUNCH AUDIO, creators of first-class audiobooks for independent authors the world over. Learn more about your ad choices. Visit megaphone.fm/adchoices
Janet Yellen, chair of the Federal Reserve, gives a convoluted answer and explanation to Norah O'Donnell of CBS News on whether the government intends to monitor bank transactions over $600 for regular middle class citizens. William Shatner makes history at age 90 as the oldest person ever to travel into outer space, but Leland isn't willing to give the science fiction legend credit for his voyage - even after predicting Captain Kirk's death on the mission.
This week's Alpha Trader podcast features hosts Aaron Task and Stephen Alpher talking with Jim Bianco, president of Bianco Research. It doesn't take too long of a memory to remember the days when then-Fed Chair Janet Yellen was none too pleased about President Trump sticking his nose into monetary policy. Now that Yellen has moved to the Executive Branch (as Treasury Secretary), why does she think it's okay to continue to opine on Jay Powell's business, asks Bianco. Of her latest comments about higher interest rates being a good thing for the economy, Bianco isn't so sure. It depends why they're rising, says Bianco. If it's due to wholesome growth, that's not so bad for the economy or stocks. But if due to bondholders demanding higher rates to compensate for higher inflation, the stock market might not react so nicely. Politics aside, current Street thinking says the Fed is going to use the Jackson Hole confab in late August to lay the groundwork for the taper to begin, with rate hikes to maybe start in the second half of 2022. Bianco questions that consensus. He's keeping his eye on the 10-year Treasury yield. If an inflation scare forces long rates higher, it could force the Fed's hand a lot sooner than that. Of his recent great interest in the promise of cryptocurrencies, Bianco takes us back to the days of Web 1.0 - peer-to-peer, decentralized. That was quickly supplanted by Web 2.0 - the rise of the great centralized platforms like Amazon, Facebook, Netflix, and Google. Web 3.0, says Bianco, will be a return to decentralization thanks to the power of blockchain technology. It's a fascinating discussion, with plenty more, including why Web 3.0 may not be kind to the above-mentioned (and other) mega-cap tech names, and why central bank digital currencies could be a major threat to the legacy commercial banking system. Learn more about your ad choices. Visit megaphone.fm/adchoices
The default setting for our ruling class is "deficit spending," and they've been doing it in spades for the last several years. They didn't need any extra excuses to spend more, but they jumped at the opportunity presented to them by the pandemic. Now you can see their future plans by noting who they've nominated for "Joe Biden's" Treasury Secretary: former Fed Chair Janet Yellen. You should know enough at this point to understand that the empty suit at the top of the Democratic ticket isn't the one making these decisions. He's a placeholder for the corporate oligarchs who populate the permanent state for which electoral politics is simply a shell game. When all the financial power in the world is focused on bringing about a specific outcome, there's very little we can do to change it. So you can take it to the bank that 2021 will bring more spending, more debt, and more inflation. If you've got cash sitting in the bank right now, it might as well be buried in your back yard. It's just gonna keep losing value. You need to be using it today to create the security you'll crave tomorrow. Tonight, at 7pm PST, Jason will be doing another special training where he teaches you how to read a stock chart so that you can be better equipped to defend yourself and even profit in the financial markets. Just go to tradewithjason.com and sign up now!
The default setting for our ruling class is "deficit spending," and they've been doing it in spades for the last several years. They didn't need any extra excuses to spend more, but they jumped at the opportunity presented to them by the pandemic. Now you can see their future plans by noting who they've nominated for "Joe Biden's" Treasury Secretary: former Fed Chair Janet Yellen. You should know enough at this point to understand that the empty suit at the top of the Democratic ticket isn't the one making these decisions. He's a placeholder for the corporate oligarchs who populate the permanent state for which electoral politics is simply a shell game. When all the financial power in the world is focused on bringing about a specific outcome, there's very little we can do to change it. So you can take it to the bank that 2021 will bring more spending, more debt, and more inflation. If you've got cash sitting in the bank right now, it might as well be buried in your back yard. It's just gonna keep losing value. You need to be using it today to create the security you'll crave tomorrow. Tonight, at 7pm PST, Jason will be doing another special training where he teaches you how to read a stock chart so that you can be better equipped to defend yourself and even profit in the financial markets. Just go to tradewithjason.com and sign up now! This episode is brought to you by our sponsors: Plexaderm Theragun MVMT
President-elect Joe Biden nominates former Fed Chair Janet Yellen to Treasury Secretary, and announces an all-female senior communications team; President Trump repeats baseless voter fraud theories as states continue certifying election results and ratifying Biden’s victory; health experts are warning of a post-Thanksgiving surge in covid cases with hospitalizations nationwide topping 93,000 cases; and the Supreme Court hears oral arguments on whether the Trump Administration can exclude undocumented immigrants from the census results and the count used to determine congressional seats.
On the final trading day of what has been a strong November for stocks, Carl Quintanilla, Jim Cramer and David Faber discussed the latest vaccine developments from Moderna: The company's shares surging on new data showing its COVID-19 vaccine candidate is more than 94-percent effective and was safe. Moderna also says it will ask the FDA to authorize the vaccine for emergency use. On the M&A front: Wall Street data giants S&P Global and IHS Markit agreed to merge in a $44-billion transaction - the biggest deal of the year. Shares of Slack surged on a David Faber report surrounding a potential Salesforce-Slack deal. The anchors also weighed in on shares of Nikola tumbling on news that General Motors will no longer take an equity stake in the electric truck maker. Also in focus: The Biden transition team confirming the former Fed Chair Janet Yellen would be the President-elect's nominee for Treasury Secretary. Learn more about your ad choices. Visit megaphone.fm/adchoices
On EWTN News Nightly tonight: In his seventh consistory of his pontificate, Pope Francis created 13 new cardinals coming from Africa, Asia, Europe and the Americas, at the Vatican on Saturday. Cardinal Antoine Kambanda from the Archdiocese of Kigali in Rwanda joins to discuss his new role as a cardinal and the state of Rwanda. Meanwhile, presumptive President-Elect Joe Biden, who moves into The Oval Office January 20, 2021, said he will nominate former Fed Chair Janet Yellen as Secretary of the Treasury. She would be the first woman to hold that top position if given the green light. As Biden continues to announce members of his team, pro-life groups are keeping a close eye on what this could mean for protections for the unborn. Government Affairs Counsel for Americans United for Life, Katie Glenn joins to discuss where things stand in terms of the importance of preserving the Hyde Amendment. Chief political columnist and White House Correspondent for 'Newsmax', John Gizzi shares his perspective on the economic team announcements. In Georgia, Democrats are continuing their work to get votes in support of Senate candidates Rev. Raphael Warnock and Jon Ossoff. Health officials are preparing for a new wave of coronavirus cases linked to holiday gatherings. According to TSA, nearly 1.2 million people passed through airport security yesterday, making it the busiest day for air travel since March. Don't miss out on the latest news and analysis from a Catholic perspective. Get EWTN News Nightly delivered to your email: https://ewtn.com/enn
MONEY FM 89.3 - Prime Time with Howie Lim, Bernard Lim & Finance Presenter JP Ong
More seeming progress regarding COVID-19 vaccines and reports that President-elect Joe Biden may select former Fed Chair Janet Yellen to lead the Treasury caught the attention of markets early this week. What might this all mean for the US Dollar? Han Tan of FXTM joined us again on Forex Fridays to discuss the week that was for the forex space, and his outlook for the British Pound, the South Korean Won, and the waning precious metal, Gold. See omnystudio.com/listener for privacy information.
A record shattering Thanksgiving week for the stock market which saw the Dow soar above 30K for the first time in reaction to the latest coronavirus vaccine news, the start of the presidential transition in Washington and President Elect Biden's selection of former Fed Chair Janet Yellen for U.S. Treasury Secretary. New concerns for the main street economy in the face of rising covid case numbers. Unemployment claims rise for the second week in a row to 778K. Restaurant owners in Los Angeles are outraged over L.A. County's decision to shutdown outdoor dining at restaurants (as well as indoor dining) on the day before Thanksgiving. The holiday shopping season begins. Analysis on the markets and the economy from Dr. Mohamed El-Erian, President, Queens College, Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, Economist Kevin Klowden, executive director, Milken Institute’s Center for Regional Economics and California Center, Los Angeles business and civic leader Rick Caruso, CEO, Caruso, developer of shopping destinations including The Grove, Americana at Brand, Commons At Calabasas and Pacific Palisades, and Kevin O'Leary, a.k.a. Mr. Wonderful investor on Shark Tank, Chairman of O'Shares ETF's and Beanstox. Support the show: https://www.frankmottek.com See omnystudio.com/listener for privacy information.
Today's slide deck: https://bit.ly/3pVC8yB -The market in a positive mood today after late developments yesterday, including news that US president-elect Biden is set to nominate former Fed Chair Janet Yellen as Secretary of the Treasury and after Trump late yesterday ordered a key agency to prepare for a presidential transition, even as he vowed to fight on against the election result. We look at the implications of Yellen as Treasury Secretary, talk emerging markets and the US dollar, why gold corrected so sharply yesterday and much more. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
PayPal customers will soon be able to buy, hold, and sell cryptocurrencies on the platform, and starting in 2021, customers will be able use crypto to pay retailers via PayPal. CEO Dan Schulman is betting that crypto confidence and popularity is only beginning. Tim Armstrong, founder of the dtx company and former Oath CEO, has partnered with Olympic skier Bode Miller to make 2020’s ski season safer and more profitable. Miller is using dtx-powered QR codes to keep ski and snowboard resorts safe amid the pandemic, and to minimize in-person snow sport equipment shopping. Plus President-elect Biden has picked former Fed Chair Janet Yellen to lead the United States Treasury; Becky Quick, Andrew Ross Sorkin, and Mike Santoli discuss what her leadership would mean for the markets and for economic stimulus. Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber discussed the rally for stocks on this first trading day since the Trump Administration officially authorized the Biden presidential transition. With President-Elect Biden expected to nominate former Fed Chair Janet Yellen as his Treasury Secretary, the anchors took a closer look at what such a decision could mean for the markets. They also explored a question Jim asked about this rally: "Where are the profit takers?" Also in focus: Vaccines amid the continuing surge in COVID-19 cases, retail earnings ahead of "Black Friday," and Tesla's Elon Musk becoming the world's second-richest person. The CEO of Medtronic appeared on the program to the discuss his company's earnings and the effect the pandemic had on the company’s results. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week’s episode of Stephanomics comes to you from the third annual Bloomberg New Economy Forum, where global leaders have gathered for a virtual discussion of how to solve the world’s biggest challenges, not least of which is the coronavirus pandemic. Stephanie Flanders brings together former Fed Chair Janet Yellen, ex-Bank of England Governor Mervyn King, former Reserve Bank of India Governor Raghuram Rajan and former U.S. Treasury Secretary Lawrence Summers to analyze the unprecedented economic response to Covid-19. They debate whether world leaders have done enough to help Main Street instead of just Wall Street, and whether global institutions are being too timid this time around. Flanders is then joined by Ireland’s Prime Minister Micheál Martin, who talks about the future of trade as Brexit approaches, and just where U.S. President-Elect Joe Biden’s Irish grandparents came from.
Welcome to Finance and Fury Today – going to cover the Central banking playbook in the next crisis – If there is ever going to be one! Today – was doing some reading so will have a look at some comments from key central banking figures over the past few years – and look at the market implications – as either markets will crash at some point and central banks will conduct bail-ins and also buy up shares – or they will actively try to avoid a crash by a BOJ strategy – constantly buying shares and offering incentives (continued low-interest rates) for investors to continue investing To start with - Back in June 2017 - several key officials provided some bizarre honesty in their statements – all of this occurred from individuals under Janet Yellen's Federal reserve – Now the Fed Chair is Jerome Powell – appointed by Trump – but the playbook likely hasn’t changed – Let's have a look though at the statements from back in 2017 – rare to get anything from Fed officials for the market implications of their comments - First - San Fran Fed president John Williams – now become the Fed's #2 as he took over as head of the NY Fed in 2019 (major Fed Branch) – he said "there seems to be a priced-to-perfection attitude out there” and that the stock market rally "still seems to be running very much on fumes." He also added that "we are seeing some reach for yield, and some, maybe, excess risk-taking in the financial system with very low rates. As we move interest rates back to more normal, I think that that will, people will pull back on that." But what happened when they announced an increase of rates back in Mid-2018 – markets dropped by more than 10% over a few months until they cancelled the plans of increases Next – has the then-Fed Vice Chairman Stan Fischer – echoed John Williams' statements - that "the increase in prices of risky assets in most asset markets over the past six months points to a notable uptick in risk appetites” all thanks to the lower interest rate environments creating people chasing yields – All of this occurring when the measures of earnings strength – like the return on assets, continued to approach pre-GFC crisis levels at most banks But given the interest rates were a lot lower - the return on assets should have been expected to have declined relative to their pre-crisis levels--and that fact is also a cause for concern." Fischer then also said that the corporate sector is "notably leveraged", that it would be foolish to think that all risks have been eliminated, and called for "close monitoring" of rising risk appetites. Essentially – what was covered in the corporate debt episode – as listed companies have taken on massive levels of debts and if rates were to normalise – their earnings would be destroyed by the interest repayments Lastly - you have the lady herself – the then-Fed Chair Janet Yellen – she said that some asset prices had become “somewhat rich" although, like Fischer, she wanted to assure the public that share and bond prices are fine – but what she left out was that they are fine as long as you assume that we will be in a record low-interest rate environment in perpetuity – as her next statement points out - “Asset valuations are somewhat rich if you use some traditional metrics like price-earnings ratios, but I wouldn’t try to comment on appropriate valuations, and those ratios ought to depend on long-term interest rates." So as long as interest rates don’t go up – the PE ratios of some of the largest companies in the US at 100 times is fine – given a lot of their growth of price is backed off debt and buy backs Quick reminder - back in 2017 at the time of these statements - the S&P500 was trading at "only" 2,400 – back when the Fed was only starting to consider a hike in interest rates and QE4 was more than two years away – thanks to not raising rates and the implementation of QE4 – S&P500 now at 3,386 – all time highs – Digging a little deeper – one of the more interesting things that Yellen said was in response to a question on financial system stability - Yellen said that the implementation of the post-crisis regulations had made financial institutions much "safer and sounder", and as a result she went on to predict that there would never again be a financial crisis "in our lifetimes" – her actual statement was - "Will I say there will never, ever be another financial crisis? No, probably that would be going too far. But I do think we’re much safer and I hope that it will not be in our lifetimes and I don’t believe it will." First – she was 71 at the time – so maybe she was expecting an early grave - While some were quick to compare this statement by Yellen (who then was 70--years old) to Neville Chamberlain infamous - and very, very wrong - 1938 prediction of "peace in our time", perhaps she was hiding a trump card all along... A trump card which she revealed only now, almost three years later. But what I find more interesting is that someone in her position may just be saying this to help provide confidence to the market – however – the fact she refers to legislation changes – such as the SIB and SIFI regulations and controls over the market which could ban trading and shut down markets during times of crashes – seems like she knows more to the story Which makes me think that she meant something else – such as when looking at the transcripts when she was speaking via a video conference with bankers in Kansas City - Yellen said that the Fed would take a page out of the SNB's (Swiss national bank) and BOJ's (Bank of Japan) playbook - and "might be able to help the U.S. economy in a future downturn if it could buy stocks and corporate bonds." Of course – she didn’t mean the whole "US economy" – for instance, every worker and person who pays tax – but those who own the most amount of these assets – the Fed and other financial institutions/investment managers and their political cronies. This being said – on the public surface - Yellen was quick to walk back this "hypothetical" scenario, saying that "the issue was not a pressing one right now" and pointed out the U.S. central bank is currently barred by law from buying corporate assets – but the laws can change The idea was already "incepted" in the heads of America's political rulers (whose fate is just as tied to the performance of the stock market) and the law can be changed literally overnight. Similar to SSC – politicians have a lot of money in markets – and rely on the markets as a sign of economic health – even though it is not – look at Bloomberg – 9th richest man on earth running for President – has a lot of wealth in markets And after all, it is only a matter of time before a crisis does hit, and now Yellen has explained has to happen to avoid an all out social catastrophe in a country where financial assets account for nearly 6x of GDP – all time high compared to average pre-90s of 3 times GDP To validate her point, Yellen said that the Fed’s current toolkit might be insufficient in a downturn if it were to “reach the limits in terms of purchasing safe assets like longer-term government bonds." "It could be useful to be able to intervene directly in assets where the prices have a more direct link to spending decisions,” – referring to the wealth effect – where economists and central bankers still rely on this as a basis to help boost GDP growth by getting people to spend more – Regardless – Yellen said that the Fed buying equities and corporate bonds could have costs and benefits... But mostly benefits, if only for the Fed, and those in the know – who would get very rich. Keep in mind that what Yellen said was merely a paraphrase of Ben Bernanke's famous April 2010 Washing Post oped in which he defended his use of easy monetary policy in facilitating higher stock prices – again, the idea is to boost asset prices to – quoting from Bernanke here - "to boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion." None of these policies are really true or "trickle-down" economics - which isn’t a thing – it is a design – central planning similar to communist countries – in China – all the building of ghost cities using tax payers funds goes to the Communist party members who own the construction companies – and in the US and Western societies – this wealth goes to those who own the assets that own the shares and bonds – in US society – top 10% of people who own 93% of all equities – again a choice to participate – but those who did own shares have gotten great returns – I am technically one But these haven’t been real returns – and doesn’t provide a free market – supply side economic gain for all - Bottom of Form – as the bottom 90% of the population who own virtually no stocks and owe most of the debt, got very, very angry as they watched how the Fed plundered their future and hopes to become wealthy, and resulted first in the election of Trump, and the upcoming election of a socialist candidate as America goes full-on populist in response to the Fed's catastrophic policies. However, thanks to Yellen we now know that the Fed won't go down without a fight... or at least without monetising everything – whilst Yellen is no longer the chair of the Fed – just last month she told a conference the Fed would fight a future recession by buying government debt and jawboning interest rates lower But she did add that other tools will be necessary - including expanding the range of assets it would purchase – i.e. shares Painting a picture that before the current fiat regime of central banks finally ends and before stocks go limits up as the revolution starts, the Fed will order a Permanent open market operations (or POMO) of, well, everything in one final, last-ditch effort to keep social stability by creating the impression that stocks are stable and rising even as society implodes Genius strategy – expand the fiat system massively to buy real assets – like shares and bonds – then switch monetary bases once the value of fiat goes to almost nothing Begs the question - Will it be successful? Normally – long term I would say that it won’t be = but when we consider that that's precisely what has been happening for the past decade - have to think really hard just how much further the Fed can keep kicking the can before it all comes crashing down – it will likely continue to keep markets high until they decide to cease the expanded operations in the markets But the Next Level – this is what is an additional concern What happens when the central banks own most of the shares in companies? Say they do buy up a majority of corporates and have an influence on these companies Central banks are pushing for climate change reforms – getting involved where they don’t belong – Every central bank is now on the same page – repeating the same UN talking points But as a shareholder – you get voting rights – so Fed could gain access to control of the “private” (use the term loosely) markets – beyond the control over Governments and their debt they currently have Central banks like the SNB and BOJ already own a large chunk of their share markets – question is – do they get voting rights and how would they use them? Control the board and decisions of a company So under this system – Zombie companies will reign supreme – Those that the Central banks own can technically be propped up regardless of the money they continue to lose – Banks would become more involved to help their balance sheet grow - Therefore, there would be no free market of companies rising and falling based around their performance – The injections of printed money will save them from their declines in prices – so, whilst their performances suffer and they lose money – their prices will continue to rise - Summary With Central banking intervention into markets – they can keep coming up with schemes – SSC and Blunt – keep coming up with something for prices to go up – but inevitably – the complex system of markets beats out = the markets can correct and have done so. All comes down to Central banking hubris – that they think they are supreme and solve every economic problem – A long way from their early charters of being the bank of last resort – just to provide liquidity to commercial banks in the event of bank runs – now they can control markets and the very cost of money. Thank you for listening to today's episode. If you want to get in contact you can do so here: http://financeandfury.com.au/contact/
On this week's episode, hear from two of the co-chairs of BPC's Future of Health Care Initiative, former Senate Majority Leader Bill Frist and Chris Jennings, founder and president of Jennings Policy Strategies, as they give us the bipartisan prescription to fix America's health care system. Also on the episode, a recap of BPC's event featuring former Fed Chair Janet Yellen and World Bank President David Malpass, moderated by Marketplace Host Kai Ryssdal.
The Federal Reserve has the stock market’s back, right? That’s what a lot of investors have come to believe. The so-called “Yellen put” (after former Fed Chair Janet Yellen) has rolled over into the “Powell put” (after current Fed Chair Jerome Powell) in trader parlance that likens central bank policy to options contracts protecting against losses in equities. But what if the Powell put doesn’t do the trick this time, and economic data and corporate earnings continue to deteriorate despite interest rate cuts? What if it isn’t enough to counteract U.S. President Donald Trump’s trade war? That’s one of the topics guest Alec Young, managing director for global markets research at FTSE Russell, explores on this week's show. Also joining the podcast is Romaine Bostick, a reporter and anchor on Bloomberg Television, to give his take on the state of play in markets, and what he’s hearing from sources on Wall Street.
Chris Verrone, Strategas Research Partners Head of Technical Analysis, and Marcus Ashworth, Bloomberg Gadfly Columnist, take a close look at the market selloff. David Wessel, Brookings Institution's Hutchins Center on Fiscal and Monetary Policy Director, imagines that Fmr. Fed Chair Janet Yellen will continue to focus on labor markets in her work at Brookings. Michael Zezas, Morgan Stanley Chief U.S. Public Policy Strategist, says it's unclear what both sides are willing to accept in NAFTA negotiations to keep the trade deficit down. Margie Patel, Wells Capital Management Senior Portfolio Manager, says earnings look pretty good for the rest of the year. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Chris Verrone, Strategas Research Partners Head of Technical Analysis, and Marcus Ashworth, Bloomberg Gadfly Columnist, take a close look at the market selloff. David Wessel, Brookings Institution's Hutchins Center on Fiscal and Monetary Policy Director, imagines that Fmr. Fed Chair Janet Yellen will continue to focus on labor markets in her work at Brookings. Michael Zezas, Morgan Stanley Chief U.S. Public Policy Strategist, says it's unclear what both sides are willing to accept in NAFTA negotiations to keep the trade deficit down. Margie Patel, Wells Capital Management Senior Portfolio Manager, says earnings look pretty good for the rest of the year.
Description: Tom Keene and Scarlet Fu are joined by Fmr. Federal Reserve Chair Alan Greenspan, Janus Henderson Portfolio Manager Bill Gross, Grant Thornton Chief Economist Diane Swonk, and in-house Bloomberg experts to break down Fed Chair Janet Yellen's final Fed meeting. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Description: Tom Keene and Scarlet Fu are joined by Fmr. Federal Reserve Chair Alan Greenspan, Janus Henderson Portfolio Manager Bill Gross, Grant Thornton Chief Economist Diane Swonk, and in-house Bloomberg experts to break down Fed Chair Janet Yellen's final Fed meeting.
, David M. Rubenstein Fellow in the and program, discusses the disinformation campaign waged by the Russian Federation and President Vladimir Putin on the United States and European democracies through election interference, cyber-attacks, and the cultivation of political allies. Also in this episode, evaluates the legacy of outgoing Fed Chair Janet Yellen and the challenges facing her successor, Jerome Powell. And finally, we interviewed , visiting fellow at the , on transitional justice and the litigation of past crimes and atrocities, specifically in Egypt. Subscribe to Brookings podcasts or on , send feedback email to , and follow us and tweet us at on Twitter. The Brookings Cafeteria is a part of the .
Host Jonathan Ferro spoke with Alastair McCaig, Director of Investment Management at Fern Wealth, and Tim Craighead, Senior European Strategist for Bloomberg intelligence, about Brexit, bonuses at Barclays, and Fed Chair Janet Yellen's testimony.u0010Jonathan also spoke with Lisa Abramowicz, host of Bloomberg Markets in the U.S. and Luke Kawa, Cross-asset reporter at Bloomberg News, about the GOP tax overhaul, Bitcoin, and the week ahead.
The Federal Reserve just announced a move that will have a big impact on both home buyers and sellers. At the latest Fed meeting on September 20th, Fed Chair Janet Yellen announced that the Fed would start to cut back its balance sheet. While that might sound boring compared to the usual announcements of Fed rate hikes, it’s actually a very big deal. You see, when the financial crisis hit 10 years ago, the Fed needed to take emergency measures, so it injected a huge amount of money into the economy. The Fed did this by buying up various financial assets totaling $3.5 trillion, an enormous sum that made up almost 25% of the entire U.S. economy at the time. This money helped stabilize various markets and get the economy back on track. However, the Fed is confident that the economy is now doing well enough for it to slowly start taking some of that money back. And that’s exactly what this announcement was all about. As you can imagine, this is going to have a massive impact throughout the economy, including on real estate. According to experts, it will inevitably put upward pressure on consumer borrowing costs, such as mortgage rates, which have stayed fairly low in spite of the Fed’s actions so far. In other words, if you are thinking of buying a home, the Fed’s most recent move will eventually make it more expensive for you to do so because you will be paying more in interest. If you are looking to sell your home, this might mean there will be fewer interested buyers, which might drive prices down and might make it harder to sell. Now, this won’t happen immediately, because the Fed’s balance sheet rollback will be gradual. As a matter of fact, the Fed is only reducing its balance sheet by a mere $10 billion a month to start with—just a drop compared to the $4.5 trillion total. But make no mistake, while the Fed’s moves will take time to bear fruit, they will drive up interest rates, particularly as the Fed ramps this process up in the coming months. “If you’re thinking of entering the real estate market, now’s the time to do so.” That’s why if you’ve been thinking of getting into the real estate market, now is such a crucial time. If you have any questions, whether about buying or selling your home, or about the details of the Fed’s announcement and what they mean for you, give me a call. I’m here to help.
The Fed’s announcement to cut back its balance sheet means the longer you wait to buy or sell a home, the harder it might be for you. The Federal Reserve just announced a move that will have a big impact on both home buyers and sellers.At the latest Fed meeting on September 20th, Fed Chair Janet Yellen announced that the Fed would start to cut back its balance sheet. While that might sound boring compared to the usual announcements of Fed rate hikes, it's actually a very big deal. You see, when the financial crisis hit 10 years ago, the Fed needed to take emergency measures, so it injected a huge amount of money into the economy. The Fed did this by buying up various financial assets totaling $3.5 trillion, an enormous sum that made up almost 25% of the entire U.S. economy at the time. This money helped stabilize various markets and get the economy back on track. However, the Fed is confident that the economy is now doing well enough for it to slowly start taking some of that money back. And that's exactly what this announcement was all about. As you can imagine, this is going to have a massive impact throughout the economy, including on real estate. According to experts, it will inevitably put upward pressure on consumer borrowing costs, such as mortgage rates, which have stayed fairly low in spite of the Fed's actions so far.In other words, if you are thinking of buying a home, the Fed's most recent move will eventually make it more expensive for you to do so because you will be paying more in interest. If you are looking to sell your home, this might mean there will be fewer interested buyers, which might drive prices down and might make it harder to sell.Now, this won't happen immediately, because the Fed's balance sheet rollback will be gradual. As a matter of fact, the Fed is only reducing its balance sheet by a mere $10 billion a month to start with.But make no mistake, while the Fed's moves will take time to bear fruit, they will drive up interest rates, particularly as the Fed ramps this process up in the coming months. That's why if you've been thinking of getting into the real estate market, now is such a crucial time. If you have any questions, whether about buying or selling your home, or about the details of the Fed's announcement and what they mean for you, give me a call. I'm here to help.
Bloomberg Markets with Carol Massar and Cory Johnson.u0010u0010GUEST:u0010Josh Wrightu0010Chief Economist Officeru0010iCIMSu0010Discussing the possible candidates to succeed Fed Chair Janet Yellen.
Bloomberg Markets with Carol Massar and Cory Johnson.u0010u0010GUEST:u0010Josh Wrightu0010Chief Economist Officeru0010iCIMSu0010Discussing the possible candidates to succeed Fed Chair Janet Yellen. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Stocks wrap up a winning week on a mixed note. Market analysis from Mohamed El-Erian, chief economic advisor, Allianz. Fed Chair Janet Yellen speaks in support of regulations put in place after the 2008 financial crisis. Amazon set to complete its takeover of Whole Foods Markets. Consumers brace for the impact of Hurricane Harvey. Preserving historic buildings is now big business in L.A.Support the show: https://www.frankmottek.com
From the mouth of Fed Chair Janet Yellen, "I don't believe we will see another financial crisis in our lifetime." I had to reread the quote three times. From there my mind began to race working all the angles. Why would she say that? What political or economic gain could come from such a ridiculous statement. I am at a loss which leaves me with only one answer. Yellen is drinking her own Kool-Aid and actually believes she can control the market. It's nonsense of course. Attempts to control the market always fail. But that doesn't stop each generation of control freaks from giving it the old college try. It's a mad, mad world. Jason Support the show.
The Dow Jones Industrial average kicked off the week closing at an all-time high for the 12th consecutive day on Monday, while the S+P 500 hit a new record level. The NASDAQ also eked out a gain. In housing news, pending home sales dipped in January, decreasing by 2.8% versus expectations for sales to rise by 1.1%. The major indices closed in the red zone on Tuesday, ahead of President Donald Trump's congressional address. Gross Domestic Product numbers were shy of expectations, as a second estimate of U.S. economic growth showed fourth-quarter GDP held steady at 1.9%, versus expectations of a 2.1% expansion. Additionally, consumer sentiment ramped up to a 15-year high in February, according to data from the Conference Board. Sentiment increased to 114.8, up from a reading of 111.6 in January. The market was back to record levels on Wednesday with Basic Materials and Financial stocks leading the upswing. In his address on Tuesday night, President Trump promised "massive" tax cuts for the middle class and U.S. companies as well as $1 trillion in infrastructure investment. Meanwhile, the ISM Manufacturing Index rose to 57.7 versus an expected reading of 56.3. The following day, the Dow declined from record-level territory while the S+P 500 and NASDAQ also traded lower with Basic Materials and Financial stocks leading the downswing. Friday’s results were mostly flat, but the Dow still closed the week over 21,000. Bond yields soared late week, possibly in response to Fed Chair Janet Yellen's indication that interest rates are likely to rise when the Committee meets later this month.
The Real Estate Life | Your Day in Real Estate Radio Michael A. Harris - Host Phone: (888) LIFE-980 (888) 543-3980 Fax: 800-778-0663 This Show will allow you a place to plan Your Real Estate Life. Whether you are starting, continuing or expanding your wealth, The Real Estate Life is the place for you! The Real Estate Life's TEAM of industry professionals will answer the tough questions while providing the only place you will need to go for all your Real Estate needs. The Real Estate Life team will always be there for you to discuss Your Real Estate Life. Hard hitting topics where we discuss Lending, Investment Property, IRA Investing, The Economy, and topics important to you. We have it all here available for you! Stop paying YOUR LENDER too much MONEY! They love you...YOU do not need that kind of love in your life. What Kind of Loan Do You Have? Email: michael@united4loans.com michael@YourRealEstateLife.com
Futures are pointing slightly upwards ahead of a 12:30 statement from Fed Chair Janet Yellen. Featured Topics: Market Futures, Janet Yellen, Interest Rates, Netflix International, Mark Zuckerberg, Dumb Passwords. Featured Stocks: NFLX, FB Can the market recover from Friday's horrible job numbers? What's expected of the Fed today? Will Bollywood boost Netflix? How dumb are Americans? Follow us on Twitter: Twitter.com/TuskMediaLLC
I remember several years ago in the Land of the Free when the big wave in the banking industry was to offer “free checking”. There used to be a time (that a lot of people probably don't remember) when banks charged monthly or annual fees to maintain your bank account. This changed several years ago. Banks even started running commercials encouraging customers to open their “free checking” accounts right away. Of course this is total nonsense. Banks aren't exactly charitable organizations, and they have an uninterrupted track record of screwing their customers to make money. In this case, “free checking” is just a ruse to get you to open an account so that they can make stupid investments with your money. Banks in Europe, for example, are taking your money and buying government bonds that have negative yields and are hence guaranteed to lose money. That's what they're doing with your savings. It's insane. In the Land of the Free, banks are once again stocking up on mortgage-backed securities as the most popular investment fad today, as if they have no memory of the 2008 financial crisis. There's even one bank in San Francisco that's offering $2 million loans with no money down, and no private mortgage insurance, to buy real estate in one of the most overpriced areas of the country. This isn't “free checking”. It'd be more appropriate if they called it “high-risk checking”. And the trend shows that it's getting worse. On top of everything else now, slowing economy growth almost assures that negative interest rates will be the norm across the entire developed world. They already have negative interest rates in Europe and Japan. And as Fed Chair Janet Yellen indicated recently, this is an option that's on the table even in the United States. This kind of insanity has serious consequences to the entire financial system, putting your money at even greater risk. You'll never hear it from the financial elite. Your banker is never going to say, “open a high-risk checking account today!” But by holding your money in such a precarious system, that is precisely what you are doing. This is our topic for today's podcast: the trend towards “high-risk checking”, and why negative interest rates and capital controls are an almost forgone conclusion. You can listen in here.
I remember several years ago in the Land of the Free when the big wave in the banking industry was to offer “free checking”. There used to be a time (that a lot of people probably don’t remember) when banks charged monthly or annual fees to maintain your bank account. This changed several years ago. Banks even started running commercials encouraging customers to open their “free checking” accounts right away. Of course this is total nonsense. Banks aren’t exactly charitable organizations, and they have an uninterrupted track record of screwing their customers to make money. In this case, “free checking” is just a ruse to get you to open an account so that they can make stupid investments with your money. Banks in Europe, for example, are taking your money and buying government bonds that have negative yields and are hence guaranteed to lose money. That’s what they’re doing with your savings. It’s insane. In the Land of the Free, banks are once again stocking up on mortgage-backed securities as the most popular investment fad today, as if they have no memory of the 2008 financial crisis. There’s even one bank in San Francisco that’s offering $2 million loans with no money down, and no private mortgage insurance, to buy real estate in one of the most overpriced areas of the country. This isn’t “free checking”. It’d be more appropriate if they called it “high-risk checking”. And the trend shows that it’s getting worse. On top of everything else now, slowing economy growth almost assures that negative interest rates will be the norm across the entire developed world. They already have negative interest rates in Europe and Japan. And as Fed Chair Janet Yellen indicated recently, this is an option that’s on the table even in the United States. This kind of insanity has serious consequences to the entire financial system, putting your money at even greater risk. You’ll never hear it from the financial elite. Your banker is never going to say, “open a high-risk checking account today!” But by holding your money in such a precarious system, that is precisely what you are doing. This is our topic for today’s podcast: the trend towards “high-risk checking”, and why negative interest rates and capital controls are an almost forgone conclusion. You can listen in here.
I remember several years ago in the Land of the Free when the big wave in the banking industry was to offer “free checking”. There used to be a time (that a lot of people probably don't remember) when banks charged monthly or annual fees to maintain your bank account. This changed several years ago. Banks even started running commercials encouraging customers to open their “free checking” accounts right away. Of course this is total nonsense. Banks aren't exactly charitable organizations, and they have an uninterrupted track record of screwing their customers to make money. In this case, “free checking” is just a ruse to get you to open an account so that they can make stupid investments with your money. Banks in Europe, for example, are taking your money and buying government bonds that have negative yields and are hence guaranteed to lose money. That's what they're doing with your savings. It's insane. In the Land of the Free, banks are once again stocking up on mortgage-backed securities as the most popular investment fad today, as if they have no memory of the 2008 financial crisis. There's even one bank in San Francisco that's offering $2 million loans with no money down, and no private mortgage insurance, to buy real estate in one of the most overpriced areas of the country. This isn't “free checking”. It'd be more appropriate if they called it “high-risk checking”. And the trend shows that it's getting worse. On top of everything else now, slowing economy growth almost assures that negative interest rates will be the norm across the entire developed world. They already have negative interest rates in Europe and Japan. And as Fed Chair Janet Yellen indicated recently, this is an option that's on the table even in the United States. This kind of insanity has serious consequences to the entire financial system, putting your money at even greater risk. You'll never hear it from the financial elite. Your banker is never going to say, “open a high-risk checking account today!” But by holding your money in such a precarious system, that is precisely what you are doing. This is our topic for today's podcast: the trend towards “high-risk checking”, and why negative interest rates and capital controls are an almost forgone conclusion. You can listen in here.
The yen is up and not down after the Bank of Japan's move to negative rates. In Europe, large economies are now getting downgrades as is the U.S. where the dollar is down and Fed Chair Janet Yellen's testimony is ahead.
The yen is up and not down after the Bank of Japan's move to negative rates. In Europe, large economies are now getting downgrades as is the U.S. where the dollar is down and Fed Chair Janet Yellen's testimony is ahead.
Housing and consumer finance expert Dean Wegner from Academy Mortgage in Scottsdale, Arizona expects to see a push of people buying homes in the coming months. Since rates hit rock-bottom in 2009, it's been a bit of a guessing game as to when the Fed would raise rates. With unemployment holding steady at 5%, analysts say the door opened wide for Fed Chair Janet Yellen to make a long anticipated move. Who will this hurt the most? According to Wegner, homeowners who have second mortgages are sure to feel the pinch. He says it will also be felt in terms of auto loans and credit card rates. Still he believes the housing market will remain strong. “Right now the home ownership rate in America is 63% and that is the lowest since 1967. So that means there is a lot of room for growth.” In 2015, the average home value went up 6 ½ % Wegner says. As home values hold, he believes people will continue to try to get in. “Boomerang buyers are coming out in full force,” Wegner says referring to buyers who had a catastrophic credit event in their past and are now looking to get back in the housing game. “These are people who got the recession behind them, they've dusted themselves off and they want to re enter the housing market. They know it's a good deal and rates are still good.” There are also a lot of incentive programs available to would-be buyers. “Programs expand the buyer pool. You want to increase housing, you allow more people to buy homes,” Wegner says. On December 12th Fannie May released a new program called the Home Ready. It focuses on “creditworthy, low-to-moderate-income borrowers” with expanded eligibility and focus on financing homes in “designated low-income, minority, and disaster-impacted communities.” Is owning a home still the American Dream? Wegner says he isn't so sure. But for those who have a steady job and paycheck, he says, buying a house is the best financial move you can make. “Take control of your life and make solid decisions,” Wegner says. “I can tell you 10 bad stories but I can also tell you 100 great stories.” The post Is Owning A Home Still The American Dream? appeared first on Inspired Media 360 TV - Inform | Inspire | Engage.
Roger Blitz talks to Stephanie Flanders, chief market strategist for Europe at JP Morgan Asset Management, about what Fed Chair Janet Yellen's statement means for the likelihood of a September rate rise, Greece's impact on the euro, and whether the pound is looking like a safe haven currency. See acast.com/privacy for privacy and opt-out information.
Ian Gordon, Michael Oliver, Gene Epstein, Eric Coffin, Daniel McAdams and David Jensen return. Fed Chair Janet Yellen worries that we could be in for a repeat of the 1930s deflationary depression. So she is trying to stimulate inflation. Ian believes she should worry but for different reasons. Moreover, she will be powerless to stop deflation. So, what will a massive price decline mean for stocks, bonds and precious metals? Gordon will opine on that question and Oliver will apply his technical analysis to help us time those markets. In hour 2 at JayTaylorMedia.com, Barron's Epstein will speak of “The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor.” Daniel will talk about the latest evils of tyrants in the Ukraine and the U.S. and David will help connect the dots between foreign wars, economics and gold market manipulation. Eric will share his views on the metals markets and a couple of his favorite junior mining picks.
Fed Chair Yellen testifies before Congress--taper and employment are likely topics.
Fed Chair Yellen testifies before Congress--taper and employment are likely topics.
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