Transparency

Meet The 22 Economists That Want To Kill Your Purchasing Power

After the Fed failed to spark any notable increase in aggregate demand despite keeping interest rates at zero for seven years, a group of economists is pressuring the central bank to rethink one of its most closely held-policy parameters...  

 

Partitioning Syria: Oil, Gas, And Peace

It’s the 101st anniversary of the Sykes–Picot Agreement and, in light of the non-stop Syrian Civil War, it’s time to ask, “How’s that working out for you?”

Reuters Goes To China, Discovers "Ghost Collateral"

"The first time I went, I saw the steel,” recalled Wang, an attorney at Beijing DHH Law Firm, which represents the Shanghai branch of CITIC. "Afterwards, the banker got in contact with me and said, ‘The pledged assets are no longer there"

Frontrunning: May 31

  • Trump Faces Instability as Russia Probe Expands to Inner Circle (WSJ)
  • Huge bomb in sewage tanker kills at least 80, wounds hundreds in Afghan capital (Reuters)
  • Russia fires cruise missiles at Islamic State targets from Mediterranean (Reuters)
  • Trump blasts Russia probe, urges testimony from former adviser Page (Reuters)
  • Activist probing factories making Ivanka Trump shoes in China arrested (Reuters)

Fitch Warns Biggest Threats To The Dollar's Global Supremacy Are At Home

Two pieces of legislation currently working their way through Congress are the Federal Reserve Transparency Act (FRTA) and the Financial Choice Act (FCA). Fitch warns that these transparency-seeking bills, if implemented, would diminish the appeal of the dollar as a reserve currency over time.