A Taiwanese warship mistakenly launched a supersonic "aircraft carrier killer" missile towards China on Friday, hitting a fishing boat and killing one person, the navy said, as ties between the island and its once bitter rival deteriorate.
its mutual funds that must invest the money they got in this month. Plus its hedge and mutual funds buying to make their quarter look better. Its just a PONZI
LOL everyone is afraid they missed the Bus to the top
The historic U.K. vote to leave the European Union is a sign of a major global meltdown, not just a watershed that marks the end of a unified continent, former Rep. Ron Paul says.
"I think [the EU] will become nonfunctional," Paul told CNBC's " Futures Now " on Tuesday.
"It really is coming to an end. It doesn't mean tomorrow or the next day, but people are going to be really unhappy. The end is coming, but it isn't coming because of the breakup," he added.
Paul attributed the fallout to "bad fiscal policies" around the globe. He said that as long as interest rates remain low, the markets will remain in bubble territory.
"I think what everyone is looking at is there was a vote, an important vote and it went differently than expected and it sent shock waves through the markets, but I think the concentration is on the wrong issue," the former Libertarian and Republican Party presidential candidate said.
Instead, he said, what has caused so much turmoil is what happened before the recent declines.
"What has been preceding this situation that we have throughout the world and this country as well is artificially low interest rates. It causes people to make mistakes in buying bonds," he said.
All major U.S. indexes fell back into negative territory for 2016 on Friday and Monday after the Brexit vote, getting a twinge of relief on Tuesday. Still, Paul expects a heap of market weakness to come.
"Catastrophe doesn't come unless there's something that precedes it, and what sets the stage is monetary policy, artificially low interest rates, zero interest rates," he said. "There's a lot of instability still out there, and this hasn't been corrected yet. I don't think it's going to correct easily," he said.
"We are running out of steam." '
'that came from federalreserve.gov/monetarypolicy/bst_openmarketops maybe you should read it'
I dont care what you watched or thought you seen. Thats from the Federal Reserve sight. Once again ' the purchase and sale of securities in the open market by a central bank--are a key tool used by the Federal Reserve'
that came from federalreserve.gov/monetarypolicy/bst_openmarketops maybe you should read it
Open market operations (OMOs)--the purchase and sale of securities in the open market by a central bank--are a key tool used by the Federal Reserve in the implementation of monetary policy. The short-term objective for open market operations is specified by the Federal Open Market Committee (FOMC). Before the global financial crisis, the Federal Reserve used OMOs to adjust the supply of reserve balances so as to keep the federal funds rate--the interest rate at which depository institutions lend reserve balances to other depository institutions overnight--around the target established by the FOMC.
The Federal Reserve's approach to the implementation of monetary policy has evolved considerably since the financial crisis, and particularly so since late 2008 when the FOMC established a near-zero target range for the federal funds rate. From the end of 2008 through October 2014, the Federal Reserve greatly expanded its holding of longer-term securities through open market purchases with the goal of putting downward pressure on longer-term interest rates and thus supporting economic activity and job creation by making financial conditions more accommodative.
During the policy normalization process that commenced in December 2015, the Federal Reserve will use overnight reverse repurchase agreements (ON RRPs)--a type of OMO--as a supplementary policy tool, as necessary, to help control the federal funds rate and keep it in the target range set by the FOMC.
Just so you know the Fed does do what you say they don't read first sentence.
' the purchase and sale of securities in the open market by a central bank'
Donald Trump announced a twist on his campaign slogan during an economic speech in Pennsylvania, saying that he has a plan to "Make America Wealthy Again" and claiming that the country was robbed by the "financial elite" of which he "used to be" part.
I like what he is saying wonder if Golman Sachs Hillary would say something like that