The wealthy continue to see significant income and wealth gains while the majority of people are experiencing stagnant living standards. Income inequality is one of the most significant financial stories right now, and there's no end in sight.
As the third female independent trader to ever own a seat at the CBOE, Carolyn's 21 years in the trading pits gave her a ringside view into the emotional ups and downs of volatile markets and the fear and greed that drive them.
It is true that the rate of economic growth has quickened, but that rate is still low by pre-recession standards. In July the IMF actually cut the U.S. growth forecast for 2014 to just 1.7 percent, the CBO's in August was just 1.5 percent. These are not stellar growth numbers.
Glaringly absent in the Fed's policy platform is a commitment to a fair architecture for capitalism that equitably distributes the fruits of enterprise by providing incentives for ethically pricing each person's contributions to the sustainable public good.
The Bernanke and Yellen Feds have built a $2.7 monetary time bomb that should not be allowed to explode rapidly. The Fed should sell longer-term Treasury bonds to the public as the Fed reduces the interest they pay on the $2.7 monetary trillion time bomb.
The summer is coming to an end without much success at the movie box office, but one "sequel" has emerged a winner this week although its ultimate fate awaits further developments.
The conventional wisdom: low interest rates are good for both economic growth and the stock market. Unfortunately for the conventional, the "wisdom" of low-rates-stimulate-growth omits three features.
Speaking slowly and clearly, and especially speaking slowly and clearly in a monotone, is the best way to throw someone's concentration off. That's the technique Janet Yellen used this week in an attempt to throw Senator Elizabeth Warren off-balance during a financial hearing.
Federal Reserve Board Chair Janet Yellen made waves in her Congressional testimony last week when she argued that social media and biotech stocks were over-valued. She also said that the price of junk bonds was out of line with historic experience. By making these assertions in a highly visible public forum, Yellen was using the power of the Fed's megaphone to stem the growth of incipient bubbles. This is an approach that some of us have advocated for close to twenty years.
If GDP growth is that dependent on workforce growth, and 1990s growth repeats itself -- which was the longest uninterrupted economic expansion in our history that also gave us four years of budget surpluses -- then we may see the next generation about to take charge. They could turn out to be much more industrious than we know!
We will not see a real recovery that puts even the long term unemployed back to work, until the mountain of private debt is reduced. And that can't happen until we create full employment policies that continue to create more jobs on Main Street.
Kirsten Wolberg, Vice President of Technology Business Operations, joined PayPal in June 2012 to lead the Technology Business Operations organization....
If you asked the average person how they feel about the Federal Reserve's latest economic projection that trimmed its estimate of 2014 U.S. GDP growth to a range of 2.1-2.3 percent, they would probably say that's not so hot -- not a recession, but quite depressing nonetheless.
Moira Forbes delivered a Trifecta on the track for Thoroughbred Women running and winning and earning success governed by the four Forbes metrics: money, media presence, spheres of influence, and technology.
The short answer is that higher inflation comes from higher growth rates, and so when an economy expands robustly, then prices should also rise robust...
It will be six years in October 2014 that Federal Reserve officials started building the monetary bomb. Now that the bomb has reached $2.58 trillion, ...