Announcing yesterday the end of its strategy of massive purchases of Treasury bonds and mortgage-backed securities, the American Federal Reserve has made the first step toward the normalization of its monetary policy. The road will be long.
This program of “quantitative easing” (QE), in its third phase since the [Read more]
It would take Euripides, or Shakespeare at least, to tell this story. It's an ancient tragedy that happened only last week, a story of hubris, passion and ambition set not in Athens or Verona but between California and Wall Street. Above all, it's a story that is changing the face of one of the most important world [Read more]
The experts of the rating agency Moody’s has calculated that the debt of the American companies will grow by $1 trillion 360 billion by the end of 2014. This number is just a little bit less than the record index of the last year. Among the reasons of the increase in a corporate debt – the soft monetary policy of the FRS and also the expected deterioration in the conditions of the attraction funds through the debt securities, told the experts.
The global stock market has gotten increasingly unstable. In the United States, it’s nothing out of the ordinary anymore if the Dow Jones Industrial Average swings down more than $200 a day, and as a corollary to that, the Nikkei Index has fallen approximately 7 percent thus far this month.
A sense of wariness [Read more]
<i>The study shows that the idea that poverty is "marginal" and "temporary" is "erroneous."
Rates of social mobility in the United States are worse than those registered in European countries.
The statistic puts the U.S. behind countries like China, Russia and Thailand.</i>
Almost 10 million people in the United [Read more]