BlackRock: Unofficial Fourth Arm Of Government
The company’s new assignment is a much bigger version of one it took on after the 2008 crisis, when the Fed enlisted it to sterilize toxic assets.
Recent
Fed Faces Fresh Pressure to Act, Boosts Repo Operations
That added boost of liquidity comes just less than a week since the policy makers executed an emergency interest-rate cut amid plunging stocks.
Virus Fear Knocks Commodity Shipping Rates Down To Near Zero
The coronavirus crisis in China has hammered many markets this month: none may have felt a bigger impact than freight.
U.S. Delays 10% China Tariffs on Some Holiday-Shopping Favorites
By granting a grace period for everyday items like phones and toys, the U.S. concession appears designed to avoid any disruption or price increases.
A Decade of Low Interest Rates Is Changing Everything
All that cheap money has been helping the economy along. On the other side of the ledger, bank depositors are getting paid only a fraction of 1%.
What to Listen for When Fed's Powell Testifies
During the hearing, investors should listen closely to any words Powell uses that may indicate the central bank is serious on cutting interest rates.
China Crisis Comes Home: Will HNW Households Feel Walmart Pain?
While big box stores won’t give the wealthy much sticker shock, the real threat is more subtle as the Fed runs out of room. Spoilers: inflation shock.
