Without Rules, the Fed Rules
Writing in the Wall Street Journal, Alan Blinder notes the ambiguities in Fed Chairman Jerome Powell’s recent address in Jackson Hole: [Powell] can’t give much forward guidance when he doesn’t know what comes next. The Fed is truly data-dependent now, in a way it wasn’t a year ago, and no one knows what the next […]
Apple Endorses Bill to Hobble Smaller Competitors
“Apple endorses California bill to oblige companies to report carbon footprint.” So reads the headline of a Reuters news story written by Isla Binnie and posted on September 8. Binnie writes: Wiener’s bill would require public and private companies with annual revenue in excess of $1 billion who do business in traditionally climate-conscious California to […]
Bravo! Hit Third Fundraiser Target, On to the Fourth: Guest Bloggers
Thanks to the prompt responses of over 730 members of the Naked Capitalism community, we’ve met our first hurdle, our critical budget for IT support and defenses, the second supporting the comments section, and the third, funding to continue our expanded Links section, at an increasing pace. But we are still behind where we would […]
Market Talk – September 11, 2023
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 139.08 points or -0.43% to 32,467.76 Shanghai increased 26.06 points or 0.84% to 3,142.78 Hang Seng decreased 105.62 points or -0.58% to 18,096.45 ASX 200 increased 35.60 points or 0.50% to 7,192.30 Kospi increased 9.20 points or 0.36% to 2,556.88 […]
How to avoid a green-metals crunch
Everyone wants more metals. In recent months Britain has inked a deal with Zambia, Japan has sealed one with Namibia and the eu has shaken hands with Chile. The bloc’s negotiators also started talks with the Democratic Republic of Congo; America’s, meanwhile, visited Mongolia. This scattershot campaign, which is also targeting the Philippines and Saudi […]
Credit crunch worries at 10-year plus high, New York Fed survey says
Choochart Choochaikupt | Istock | Getty Images American consumers are worried about access to credit amid persistently higher interest rates and tighter standards at banks, according to a New York Federal Reserve survey released Monday. Respondents indicating that the ability to get loans, credit cards and mortgages is harder now than it was a year […]
