For the umpteenth time in this era of “new normals” and “jobless recoveries” and “quantitative easing,” all eyes were on the Federal Reserve chair this week as she delivered a statement on whether or not the Fed would raise interest rates now, soon, or later. And for the umpteenth time, no one was surprised by the result.
The official word is that the federal funds rate will remain near zero for “a considerable time” after the end of the Fed's QE3 bond purchase program next month, feeding in to expectations that the first rate hike since the rapid fall to “near zero” (0.0%-0.25%) in 2008 won't occur until next summer. Celebration on the markets was as immediate as it was predictable: the Dow Jones hit a new all-time high before some last minute profit taking at the closing bell and the S&P similarly launched straight up as soon as Yellen's remarks were delivered, also hitting an intra-day high. Let the good times (continue to) roll...
For those not in the know, the federa...
There is a name for the despair that has been driving discontent – and not only in Russia and Ukraine – since the financial crisis. That name is the new normal...
...these are not trivial questions to be asking. In fact, they go to the very heart of what is meant by 'sovereignty' and 'independence'.
This obsession with these peripheral, inconsequential non-stories is a sign of our growing detachment from the real productive economy that was once the backbone of the economies of the developed first world nations.
Given the virtues of this spin-off effect, Team Greenbacks argues, the Snowden story becomes by its very nature the most important whistleblowing story in the history of national security reporting.
As most of the online world knows by now, this Labor Day weekend saw the release of dozens of provocative new photographs of naked celebrities gleaned from the stars' own smartphones.
Indeed, it seems to be the case every single year around this time: certain 9/11 “trigger” stories involving plane crashes and terror threats and Ground Zero and Homeland Security take place in late summer... and this year's terror hype over ISIS is no different.
...the promise of central bank funny money, which is really all that's needed these days to send investors into a tizzy and to keep the longest bull market in recent history ascending into the stratosphere.
the Bank is used as a weapon by the economic hitmen identified by John Perkins and others, directing infrastructure development funds to crony corporations and forcing countries into debt obligations that they will be unable to meet.
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The creator of the International Forecaster, Bob Chapman.