“An array of data indicate that Americans are rediscovering their go-getting spirit. The most striking evidence comes from applications to form businesses, a proxy for #startup activity.”
From @TheEconomist’s article on “America is in the midst of an extraordinary startup boom.”
It’s a phenomenon that boosts #innovation, #jobs, and fiscal revenue. Its immediate impact on #inequality is much more ambiguous.
#economy #econtwitter
@Nouriel@ForeignAffairs Indeed, reading through the tipping points that unfortunately led to WWI and WWII, the alliances and sparkling local / regional wars led to countries engaging in spiraling situations
At Apple, we believe that climate change is one of the world’s most urgent priorities and we are deeply committed to doing our part. Today we had a special guest—a real force of nature—stop by to check on our progress.
#Fitch downgraded the US sovereign #ratings from AAA to AA+ (stable outlook) on the base of mounting debt burden.
Markets reacted positively in fact and key #economists, including @LHSummers and @elerianm, where at odds with the decision, finding it bizarre and inept
.
#markets
Depositors realizing they can earn 4% on safe short term T-Bills while they get close to 0% on bank deposits. This is a key source of continued bank runs. The free lunch that banks used to get on free deposits is ending. Interest sensitivity of deposits is sharply rising
Today's #FederalReserve meeting sees the world's most powerful central bank ...
(i) Hampered by a major credibility problem due to slippages on #inflation and bank supervision that have amplified its policy TRI-lemma;
(ii) Having to pull off the @ECB in credibly signaling that...
The excerpts below are from the @WSJ column by Kevin Warsh, former #Fed Governor, entitled:
"The U.S. Needs Economic Regime Change:
The cost of stopping #inflation would have been lower if the Fed had faced the problem earlier."
#economy#federalreserve#econtwitter#markets T
.@UBS bonds and stocks may well come under pressure tomorrow IF — and it’s a big IF as comprehensive information is yet to be released — public sector support of the @CreditSuisse transaction is limited to the $100 billion liquidity facility.
#economy#markets#Switzeland#banks