The Fed announced last week that it will begin to buy Treasury bills today an initial pace of $60 billion a month and continue those purchases into the second quarter of 2020, marking a pivot for the central bank. “In light of recent and expected increases in the Federal Reserve’s non-reserve liabilities, the Federal Reserve
As you can see in my Chart of the Day, the average credit card interest rate is 17.39%. This is the highest level in decades. I have mentioned this trend before but at the very least maybe these card holders should look to refinance or take a line of credit which would lower their rates
The “Trade Deal” summed up in one sentence from 1688: “The expectation of an event creates a much deeper impression on the exchange than the event itself.” – Jose de la Vega, 1688 So, how will the markets react after we get the “best trade deal ever” and have to deal with what is lurking
Let’s be honest and not political. The “Best Ever Trade Deal” isn’t awesome. The trade Bean Deal “Phase One” is nothing. China buys a ton of soybeans (as 1/3 of their herd is killed by Swine Flu) while we postpone taking tariffs up from 25% to 30%. Does anyone think it’s more meaningful than that?
This week’s Bloomberg column from Barry Ritholtz looks at the lackluster collective performance of Ivy League university endowments: Harvard: 6.5%, Yale 5.7%; University of Pennsylvania 6.5%; Dartmouth 7.5%; Brown 12.4% (Smallest Ivy endowment of ~$4 billion) (Princeton, Cornell and Columbia have yet to report). Other notable near-Ivy League status endowments: Massachusetts Institute of Technology (MIT)