We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the…
The Federal Reserve Board on Thursday released the hypothetical scenarios for its annual stress test, which helps ensure that large banks can lend to households and businesses even in a severe recession.…
The so-called green claims directive complements the already-approved EU ban on greenwashing. It defines what kind of information companies have to provide to justify their environmental marketing claims in the future. It also creates a…
Introduction
Thank you to the Financial Stability Institute of the Bank for International Settlements and especially to its Chair, Fernando Restoy for the invitation to…
A vast majority of people see inflation as rising prices, wages, and ‘pushed’ costs within the economy. In other words.
Today, we are all, to varying degrees, taking bites out of the Fed’s excrement.
The headlines blare on about CPI,…
Technology10 February 2024, 7:24 pm 1 minute
Reuters exclusively reported that Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and…
Thank you for having me here today. After having had to miss this conference last year, I greatly appreciate the opportunity to join you. As you might expect, I was a little…
This is the reason that serious people don’t choose a trend length that happens to fit with their narrative.
For the last few months, supposedly serious economists have crowed about how the 3-month average of seasonally-adjusted was at…
SECRETARY BLINKEN: Thank you very, very much. And the board meeting is now convened. (Laughter.)
Bishop, thank you for your powerful words, and very appropriate words. I think you!-->!-->…
Keynes once said that markets can stay irrational longer than you can stay solvent.
I love this quote because it speaks about the power of narratives, and my humble adaption of that would be:
‘‘Narratives can dominate macro longer…