Discussions about how to make banks safer for customers should also include how to make them more inclusive for the 25 million Americans that rely on risky alternative financial service providers.
Economics
Economics
The idea that finance is an arm of the state is back — and global banking is likely to be reshaped by it.
Europe’s haven for Big Tech isn’t as prosperous as the data suggests.
One reason for relative optimism is that the world, and policymakers, have been preparing for this scenario for some time.
After a year of dragging down GDP, homebuilders are showing strength just when the economy may need it most.
Such provisions would put a greater number of people at risk of losing their benefits. There are better ways to strengthen this safety net.
The central bank’s decision day highlighted the breakdown of correlations between stocks and bonds. That puts its dovish turn in a different light.
Dingy old office complexes are hogging valuable land and holding back needed new development in high-growth areas outside city centers.
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A steep decline in shipping rates should restrain the acceleration in prices.
The new prime minister needs to navigate a few risks to ease living costs and expand the economy.
There’s a striking harmony to interest rate hikes. Togetherness may succeed in quelling inflation, but deepen the consequent downturn.
Despite student debt forgiveness, aggressive repayment of student loans wasn’t a waste.
Economic inequality this decade will largely be defined by those who bought homes before 2022 and those who didn’t.
Racial discrimination was actually profitable before it was banned in 1964. This is relevant for civil-rights policy today.
Organized crime is expanding its reach by taking control of struggling businesses.
While private sector employment is recovering from the pandemic, public-sector rolls are more than a million short.
The Federal Reserve is acting like a bull in the global china shop.
An enviable record has shielded the RBA for too long. Now an outside panel is getting to work, and the changes could be far reaching.
Getting back to normal is no longer an option; some things that Covid broke can be fixed, but others are probably changed forever.
A 100-basis-point jump would send the wrong message and possibly be counterproductive.
The Fed may do whatever it takes to save the US from inflation. But the cure may be worse than the ailment for the rest of us.
This current period of rising prices has its roots in mistaken assumptions about supply and demand made a decade ago.
Affordability isn't going to get any better as shrinking inventories ensure prices will rise even if mortgage rates eventually fall.
The proposed package will do little to curb inflation while repeating the problems wrought by large government spending during the pandemic.
Central bankers are preparing us for the next phase of the inflation fight. It won’t necessarily be easier.
They’re boosting consumer prices, inspiring jumbo rate hikes and spreading general misery.
Fed Governor Christopher Waller recently laid out his decision tree for interest rates. The base case is still very much in play.
Hostage to Putin’s gas shutoff, Europe has no pain-free options on energy.
Americans are borrowing at an unprecedented pace, but it’s way too soon to suggest it means they are having a tougher time making ends meet.
Investors may have lots to worry about, but consumers are feeling more confident as gas prices fall, the housing frenzy calms and jobs remain plentiful.
The initially robust economic revival is close to exhaustion. Thankfully, at least one senior central banker is paying attention.
In our latest episode of the Bloomberg Opinion podcast, we discuss the pre-FOMC blackout period, Vietnam’s boom and propaganda around the world.
Data suggesting lower labor participation by the 55-plus cohort is deceptive.
