All eyes are on the Fed’s balance sheet. With the Fed fund rates near-record low of 1.5 to 1.75%, any meaningful rate cuts to stimulate investment and the economy have been exhausted. Think about it. A quarter-point rate cut has not got much vavavoom. So has the Fed run out of firepower, as many commentators believe? The answer is no if you think that the Fed’s balance sheet can keep expanding. Theoretically, the Fed,...
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The 2020 financial predictions consensus was recently published by Visual Capitalist, which makes both a timely and interesting read. It comes as no surprise that in this data-driven world, the 2020 prediction consensus was no lighthearted exercise. Indeed, during December over 100 articles, Whitepapers, and interviews were conducted to get a heads up on where 2020 is likely to take us. As expected, no firm consensus was established....
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December’s election victory of Boris Johnston as UK prime minister has energized the post Brexit plan, which is to convert the UK into a low tax, low regulation, and low public spending paradise. Singapore’s phenomenal transformation from the world’s poorest nations in 1965 to a GDP today exceeding that of the UK’s was cited by the UK government as a showcase study of the post Brexit plan. “Britain can...
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