"It’s important for the Fed, hard as it is, to attempt to detect asset bubbles while they’re forming." "I don’t see evidence at this point in major sectors of asset-price misalignment, at least at the level that would threaten financial stability." On bank oversight:
Six Mass. banks fight foreclosure ordinances Six western Massachusetts banks, with Easthampton Savings Bank as the lead plaintiff, challenged the ordinances. A U.S. District court judge upheld the ordinances. However, on appeal, the U.S. Court of Appeals issued a stay preventing Springfield from enforcing them.
· With Ms. Yellen’s confirmation highly likely, we can look forward to the Fed blindly fueling asset bubbles to a fare-thee-well. With the financial system still on shaky ground, this will lead to another financial meltdown and a U.S. government takeover of the financial system, the likes of which will make the last wall street bailout appear to be a minor intervention.
With Ms. Yellen’s confirmation highly likely, we can look forward to the Fed blindly fueling asset bubbles to a fare-thee-well. With the financial system still on shaky ground, this will lead to another financial meltdown and a U.S. government takeover of the financial system, the likes of which will make the last Wall Street bailout appear to be a minor intervention.
Janet Yellen says bitcoin is a highly speculative asset – but the Fed played a key role in its rise. Bitcoin came into existence in January 2009, in part as a response to fears – which proved unfounded with time – that central banks’ aggressive response to the Great Recession of 2007-2009 would generate hyperinflation and a collapse of conventional currencies.
Nomura: Non-performing loan sales hit post-crisis high, and they’re not going away Its a good thing that everything that happens in Vegas doesn’t stay in Vegas, which is where the Seventh Annual Money20/20 Conference took place on October 19-21, 2018. With the goal to "fearlessly take on the mission of creating a simpler, fairer, faster and more inclusive financial system for individuals, businesses, and society as a whole," the three-and-a-half day event included more.
Janet Yellen, vice chair of the Federal Reserve Board of Governors, appeared every bit the monetary policy dove that investors expected during her first big hearing in front of the Senate Banking.
Former Federal Reserve chair Janet Yellen reflected on regulators’ missteps in preventing the 2008 financial crisis during a recent interview. Janet Yellen: What the Fed Has Learned Since the.
Monetary Policy and Financial Stability. And price stability contributes not only to the efficient allocation of resources in the real economy, but also to reduced uncertainty and efficient pricing in financial markets, which in turn supports financial stability.
· In the longer run, however, the best way to deal with these bubbles is to revive the real economy; after all, "bubble" is a relative concept and even a very high price can be justified if it is.
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