Where there is debt, interest payments follow. The discussion about debt is a discussion more people should be having as the global debt just reached a staggering $247 trillion for the first quarter of this year. When interest rates eventually spike, repayment and refinancing will be a challenge for the average household and some debts […]
Nada, Zilch or maybe a Smidgeon
The FOMC press release announced that the Fed is not doing anything different for this month. The statement is pretty similar to that before and would be considered a disappointment to those that bought risk on the WSJ and NYT articles of last week. So no new asset purchases, no removal of Interest on Excess […]
Philadelphia Fed Survey
The Philadelphia Fed survey was a shocker yesterday. The most reliable source of information on the US Manufacturing industry had plenty of weak components and now points to a contraction in the US economy -if confirmed in actual data this is a real game changer for the US Federal reserve and the US Financial markets. […]