Featured
Wall Street’s ‘Dr. Doom’ Sees ‘Bermuda Triangle’ of Risks for Economy and Warns of a 2008-Like Crisis
Top economist Nouriel Roubini believes a “severe recession” is likely in the next year thanks to a “Bermuda Triangle” of dangers to the economy.
Volcker Slayed Inflation. Bernanke Saved the Banks. Can Powell Do Both?
History remembers Paul Volcker as slayer of inflation, and Ben Bernanke as the crisis firefighter. Jerome Powell is in danger of having to play both.
Recent
Wall Street Expects the Fed to Cut Rates. That Isn’t a Good Sign
Be careful what you wish for. Wall Street pros warn investors who bid up U.S. stocks on expectations Fed will soon be cutting interest rates.
Couple Claims JPMorgan Sold $10 Million of Their Jewelry
Couple claims JPMorgan sold $10 million of their jewelry after drilling open a safety deposit box because they didn’t pay their rent.
Elon Musk Says Jerome Powell is So Bad at His Job - GPT-4 Would be a Better Fed Chair
Elon Musk says Jerome Powell is so bad at his job that GPT-4 would be a better Fed chair: ‘This foolish rate hike will worsen depositor flight’.
Summers, Tarullo Slam Stress-Test Failures, Urge Deposit Clarity
Two top former US economic policymakers sharply criticized Fed Reserve’s 2022 stress tests of banks for failing to probe potential vulnerabilities.