The International Monetary Fund (IMF) has long been known as a source of economic stimulus throughout the world. For decades, the global investment group has used its resources to support struggling economies.
While the nation’s senators are busy patting themselves on the back for passing a bill that will be left to rot in the chambers of the House of Representatives, it’s worth taking the time to look at this first round of immigration reform legislation and determine what, if any, economic factors will take shape as the law develops.
In a recent speech, Richmond Federal Reserve Branch head Jeff Lacker discussed recent occurrences in the market and sought to clarify what he believed was a significant negative reaction in global markets.
Since the disclosure, members of both the EU and European national governments have voiced outrage over what German Chancellor Angela Merkel dubbed “Cold War tactics.”
Like it or not, oil-based energy will continue to play an important role in modern civilization as the 21st century continues.
Most troubling is the fact that one of the banks affected, the Industrial and Commercial Bank of China, is one of the country’s most prosperous and wide-reaching.
With panic swirling in global markets about China’s alleged liquidity problems, it’s easy to forget about the other looming challenge on the other side of the planet: Europe.
For the past week, it seems as if the world’s so-called economic engine – China – has shown signs of sputtering.
The mainstream financial media is currently bemoaning this week’s Federal Reserve press conference, suggesting that the central bank head should have been more cautious in his hinting of the so-called “taper,” which references the eventual withdrawal of monetary support programs.