Putin Tells Xi He's "Open To Negotiating Process" On Ukraine As US Says Ceasefire "Unacceptable"
Update(1017ET): What's being described as an initial, informal meeting between Presidents Xi and Putin is underway at the Kremlin. While the expected cordialities and expressions of closer relations were exchange, among the most notable early statements came from Putin, who said he's "open" to peace talks with Ukraine and China's mediation efforts.
Undun! Fed’s $8.6 Trillion Balance Sheet in Focus as Banks Seek Cash (25 BPS Increase At Next Meeting Then DOWN To 3.820% By Jan 2024)
Undun. The Fed’s balance sheet, that is. For all the focus on whether the Federal Reserve is about to pause its interest-rate hikes, there’s another critical policy decision sure to…
The Bank of England: Money Creation in Their Own Words
In March 2014 the world’s oldest central bank, the Bank of England (BoE), did every advocate of sound money a big but unintentional favor by publishing an official introduction to and an official detailed account of unsound money.
How the Fed’s 2008 Mortgage Experiment Fueled Today’s Housing Crisis
How should Congress assess the Federal Reserve’s track record as an investor in residential mortgage-backed securities (MBS)? Regardless of Fed spin, it merits a failing grade. The Fed’s COVID-era intervention in the mortgage markets fueled the second real estate bubble of the 21st century.
Investment Banker Whalen on Bailouts: The Public ‘Will Pay Through Inflation'
During a recent appearance on Chicago's Morning Answer, Christopher Whalen, an investment banker, chairman of Whalen Global Advisors LLC, and editor for The Institutional Risk Analyst, discussed the present state of the banking industry.