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Tag: newsmax

BIS: Central Banks ‘Fostering Risk-Taking’

BIS: Central Banks 'Fostering Risk-Taking and Search for Yield' Financial asset prices are at "elevated" levels and market volatility remains "exceptionally subdued" thanks to ultra-loose monetary policies being implemented by central banks around the world, the Bank for International Settlements said on Sunday. In its quarterly review, the BIS said financial market volatility spiked higher in[...]

Fed Tapering Signals Trouble for Economy, Stock Market: Author James Rickards

The Federal Reserve is in the midst of winding down its third round of quantitative easing (QE3), and economist and financial author James Rickards says that doesn't bode well for the economy and financial markets. After the Fed's prior two quantitative easing operations, both the economy and the stock market suffered, he notes. Rickards is the author of "The Death of Money: The Coming Collapse[...]

Widening Wealth Gap: ‘Bottom 20%’ Worse Off Than in 2000 – Situation has been Institutionalized

Census Bureau: Decade of Data Underscores Widening Wealth Gap A report from the Census Bureau is the latest evidence that the rich are getting richer while the poor get poorer. The study released Thursday divided the U.S. into five groups, from wealthiest to poorest. The median net worth of the richest households rose 11 percent between 2000 and 2011, to $630,754. The next-wealthiest group's[...]

Yellen Dashboard Warning Light Glows as Millions Work Part Time – This is Depression

Federal Reserve Chair Janet Yellen has a stubborn warning light blinking on her labor market dashboard: A group of Americans larger than Washington state’s population can find only part-time work. As Yellen heads to this week’s Fed symposium in Jackson Hole, Wyoming, where the focus will be on the labor market, those 7.5 million part-time workers who want full-time jobs are inflating the[...]