BMO says there are 75% odds that by mid-March, the Fed will need to start monetizing coupon bonds in addition to Bills, effectively transforming "Not QE" into QE 4.
"If monetary policy were the key to an earthly prosperity, surely all nations would have bootstrapped themselves by the simple artifice of helicopter money."
The global oil and gas industry is facing the “twin threats” of the loss of profitability and the loss of social acceptability as the climate crisis continues to worsen...
The OCC announced $59 million in civil charges and settlements with eight former Wells Fargo senior executives on Thursday, including the payment of a $17.5 million fine by John Stumpf, the bank’s former CEO, who also agreed to a lifetime industry ban.
Prospects for 2020-profit growth look slim as well given consensus GDP growth estimates of around 2%, slow global growth and rising costs pressure from labor.
