Not exact matches
The end of the money -
for - nothing
policy that the world's central banks put in place after the 2008 financial
crisis is nearly in sight.
Valdis Dombrovskis, vice-president of the European Commission, said that the EU should not wait
for another
crisis to deepen economic and monetary
policies to strengthen the resilience of the euro area.
With unemployment falling steadily through the year, there has been less justification
for crisis - era
policy, and a sense among policymakers that they could balance the higher rates sought by «hawks» with a slow pace of subsequent increases.
Eight years after a devastating recession opened an era of loose U.S. monetary
policy, the Federal Reserve was set on Wednesday to raise rates
for the first time since 2006, in a sign the world's largest economy had overcome most of the wounds of the global financial
crisis.
«Thanks in part to the forceful response to the
crisis and
policies throughout the eight years of the Obama administration to promote robust, shared growth, the US economy is stronger, more resilient, and better positioned
for the twenty - first century than ever before,» the White House said in an email after the jobs report.
«It only buys time
for policy - makers to implement the tough measures needed to resolve the
crisis.»
«Historians will look at the president's handling of the financial
crisis, and he will get stellar marks,» says Jim Kessler, senior vice president
for policy and co-founder of Third Way, a think tank.
Emerging markets also account
for over 50 % of world GDP, and have been responsible
for the lion's share of global growth ever since the 2008 financial
crisis, but capital has flooded out of them as the Federal Reserve has tightened its monetary
policy and the limits of China's economic model have become apparent.
He comes to the position amid a critical time
for the Fed, which is normalizing
policy after years of extraordinary accommodation triggered by the financial
crisis.
One factor keeping premiums down is the financial
crisis, which reduced overall demand
for health care
policies, Meyerhoefer says.
«Perhaps most salient
for monetary
policy, it appears increasingly clear that the neutral rate of interest remains considerably and persistently lower than it was before the
crisis.»
«Perhaps most salient
for monetary
policy, it appears increasingly clear that the neutral rate of interest remains considerably and persistently lower than it was before the
crisis,» she said.
To help educate the masses and push
for regulatory acceptance, Airbnb recently hired Chris Lehane, a former White House
crisis manager, as its global
policy chief.
Richard J. Reddick, associate professor of educational leadership and
policy at the University of Texas, writes
for Fortune that some people of color might be cynical about Starbucks» response to the
crisis that was precipitated by a store manager calling the cops on two black men sitting at a table (after a mere couple of minutes of them not buying anything.)
Part of what has supported this recovery since the
crisis has been fiscal
policy, so we have much higher government debt than we had before, where is the room
for governments to do fiscal expansion in a renewed downturn?
The housing bubble in the United States, which triggered the financial
crisis in 2008, had highlighted the danger of using the financial system to make up
for the failures in social
policies.
This book is the best treatment we have of the historical dimensions of our current health care
crisis and will prove to be an indispensable resource
for historians and
policy makers.»
In the post-financial
crisis world, however, new realities pose significant challenges
for the conduct of monetary
policy.
After this brutal wakeup call, economists went back and re-examined the possible role monetary
policy plays in setting the stage
for crises.
Former U.S. Treasury Secretary Lawrence Summers attacked the
policy proposals of Donald Trump on several fronts Sunday, saying the president - elect's plans
for deregulation were setting the stage
for the next financial
crisis.
The financial
crisis of 2008 - 09 and the recession it caused didn't do much
for the reputations of many
policy makers around the world, but they've been quite good
for the careers of Stephen Harper and Mark Carney:
Alan Greenspan was known as adept at gaining consensus among Fed board members on
policy issues and
for serving during one of the most severe economic
crises of the late 20th century, the aftermath of the stock market crash of 1987.
Concerns about global trade tensions between China and the U.S. and the fear that the stellar earnings could be as good as it gets
for stocks are all combining to undermine the sort of confidence that was in abundance during last year's run of repeated records
for equity benchmarks, as the U.S. economy enters it ninth year of expansion and as the Federal Reserve moves to normalize monetary
policy from
crisis - era levels.
Social Media Success
Policy Template The hyper - speed and incredible reach of modern social media makes
for uncharted territory that many companies are still floundering with, when it comes to what can and can not be said to avoid legal liabilities, how to handle a
crisis in the public eye, and standard procedures and guidelines
for creating the kind of culture you want on all your social channels.
The Bank of Canada is applying lessons from the global financial
crisis as it updates its framework
for the use of unconventional monetary
policy measures, Governor Stephen S. Poloz said.
By the same token, an immediate rise in our
policy rate back to,
for example, the 4.25 per cent that prevailed before the financial
crisis would represent an extreme tightening of
policy and would have significant consequences.
For example, during the first flare - up of the European sovereign
crisis back in 2011 (when Greece really did hold systemic risk potential) and when U.S. political discord led to significant fiscal tightening, the Fed offset both of these with even greater
policy accommodation.
Monetary
policy — which has been a boon
for stocks since the financial
crisis — also remains loose compared with historical standards.
The IMF says the reason
for the debt build - up is the economic collapse during the 2008 financial
crisis, and the
policy response to that
crisis.
Summary of the Robin Hood conference: Einhorn, Tepper, Druckenmiller etc [ValueWalk] Profile of Renaissance Technologies» secretive Medallion Fund [Bloomberg] Reflections on the Trump Presidency, after the election [Ray Dalio] How T. Boone Pickens sits tight in the riskiest of businesses [NYTimes] The next generation of hedge fund stars: data - crunching computers [NYTimes] Treasury officials are warning hedge funds could create the next big
crisis [Vox] Bill Ackman's 2016 fortune: down, but far from out [NYTimes] Omega's Einhorn sees Trump's
policies boosting stocks [Reuters] Tourbillon's Jason Karp says Trump will make stock pickers great again [Reuters] John Paulson got Trump elected and now has favor to ask [Vanity Fair] Jim Chanos says Valeant was biggest loser ever
for hedge funds [CNBC] Credit Suisse said raising $ 2 billion
for hedge fund stakes [Bloomberg] Tyrian Investments to close [Reuters] Hedge fund strategies no longer correlated with equity returns [Investing] Female fund managers are a rarity across the globe [Morningstar] This is why alternatives are worth it [ValueWalk]
While base rates kept at or close to zero
for almost seven years and three massive asset - buying programs by the Fed have undoubtedly helped stabilize the US (and world) economy during and after the recession that followed the global financial
crisis, the continuation of expansionary monetary
policies is now supporting a growing excess of global liquidity that has been distorting the market signals sent by stock and bond prices and thus contributing to the growing volatility seen in recent weeks.
For three - straight years — between 2014 and 2016 — the greenback surged higher as the Fed ended «QE3,» the stimulus program that had the U.S. central bank buying as much as $ 85 billion worth of government bonds per month, and did away with the zero - interest - rate
policy that was in place since the financial
crisis.
The minutes from the Federal Reserve's January meeting showed that
policy makers argued
for keeping interest rates near record lows
for longer due to both the stronger dollar and the
crisis in Greece.
But even if the ECB does bend to the will of the bond markets this year, and begins to buy sovereign debt directly, the single currency is left with all of the same weaknesses that existed prior to the
crisis: the inability to tailor interest rate
policy for each individual economy, the lack of foreign currency adjustment needed to offset differences in competitiveness, and growth - limiting trade dynamics throughout the area.
Option (e) remains extremely risky given the massive levels of outstanding government debt (and potential
for fiscal
crisis) and therefore low in probability in our view, but the idea came to the fore in investor consciousness after the BOJ held meetings with former FOMC Chairman Bernanke, credited
for applying the idea of «helicopter money» to deflation - fighting in central bank
policy.
The Federal Reserve has pursued a zero interest rate
policy as a mechanism
for pulling the US out of the financial
crisis.
To the extent that the
policy may be up
for a rethink, pension schemes in
crisis seems a likely motivation.
He says it was then that it was becoming clearer to more and more investors that the world's central banks» responses to the 2007 — 08 global financial
crisis were not effective in improving economic activity and that their
policies should be ultimately positive
for gold prices.
The Financial Repression Authority (FRA) educates investors, funds and retirees on the adverse risks resulting from good - intentioned macroprudential central bank and government
policies and regulations focused on controlling excessive government debt, attempting to stimulate economic growth, and minimizing the potential
for financial and economic
crises.
And he explains how he and other
policy makers such as Treasury Secretaries Henry Paulson and Tim Geithner groped
for approaches that would first stop the
crisis, and eventually push the US economy back to growth.
There is still a tendency, as there was prior to the
crisis,
for financial stability and monetary
policy work in central banks to be organised in separate silos.
In a dramatic
policy turnaround
for the IMF, Strauss - Kahn told the Davos audience, «I don't think we would get rid of the
crisis with just monetary tools,» adding «a new fiscal
policy is probably an accurate way to answer the question.»
The lack of holdovers, amid a pivotal shift away from
crisis - era
policies, could make
for a bumpy transition.
argues that the lessons of the crash have still not been learned by the economic
policy mainstream, and that a new
crisis looms
for some highly indebted countries, including Canada.
He also offered a similar warning in July, citing the potential
for a
policy mistake by the Federal Reserve as it looks to normalize interest rates from ultralow levels in the wake of the 2007 - 09 financial
crisis.
For starters, China is about to experience a massive crisis in caring for its elderly — a task traditionally undertaken in Chinese culture by one's children, but impossible when there aren't enough children to do the job, Moreover, the pampered survivors of the one - child policy, often referred to as the «little emperor generation,» aren't going to easily forget that it's all about me as they face the challenge of inter-generational responsibili
For starters, China is about to experience a massive
crisis in caring
for its elderly — a task traditionally undertaken in Chinese culture by one's children, but impossible when there aren't enough children to do the job, Moreover, the pampered survivors of the one - child policy, often referred to as the «little emperor generation,» aren't going to easily forget that it's all about me as they face the challenge of inter-generational responsibili
for its elderly — a task traditionally undertaken in Chinese culture by one's children, but impossible when there aren't enough children to do the job, Moreover, the pampered survivors of the one - child
policy, often referred to as the «little emperor generation,» aren't going to easily forget that it's all about me as they face the challenge of inter-generational responsibility.
Conservative candidate
for Aylesbury, David Lidington, said: «Whether you look at Ebola and our response to that, whether you look at the # 2.3 billion that was allocated to humanitarian relief in the Syrian refugee
crisis, I think the Conservative Party can say that we've got a good track record on delivering practical
policies with that clear ethical foundation.»
She has been arrested 30 times
for intentionally creating
crises, i.e., situations that force the powers that are — transnational corporations, the media, security forces, consumers — to cease doing business as usual, examine the inequities that they may be perpetuating, and change
policies.
The Right has no worry as to what devastation their
policies will cause... their money insulates them from
crisis, from illness (need of healthcare),,,, as one blogger who went to the convention said... their lives will not change at all, they will go to the same country clubs, their children will attend the same ivy league schools, they have money
for all necessities, etc..
They were killed because they supported the liberating theology and dignity of the base Christian communities; they named social injustice, not communism or outside subversive influence, as the root cause of the
crisis (revolution in their view was inevitable unless issues of poverty and social inequality were adequately addressed); they promoted a negotiated settlement to Salvador's civil war, including a significant role
for the FMLN and other popular organizations; and, they named U.S.
policy as a fundamental obstacle to peace in El Salvador.