How Can the Fed Pay Dividends to Its Shareholders When It Has No Profits?
[Originally published by the New York Sun. Reprinted with permission of the author.]
Although the Federal Reserve is and thinks of itself as part of the government, 100% of the $37 billion in paid-in stock of its twelve component Federal Reserve Banks (FRBs) is owned by private shareholders.
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Read MoreWhy the Middle Class Should Buy a House Like Warren Buffett’s — And How They Can
Warren Buffett bought his house in 1958 for $31,500. In today’s dollars, that comes to $342,691.
In other words, Buffett bought a middle-class home and has lived in it ever since — despite being the eighth-richest person in the world.
Read MoreUS: S&P 500 edges higher, Nasdaq dips in choppy session as inflation data eyed
THE S&P 500 edged higher while the Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the US economy.
Stocks oscillated between gains and losses throughout the day. Equities received an initial lift from a Labor Department report that showed the producer price index rose less than expected in December,
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Read MoreTrump’s plan for a strategic bitcoin reserve could trigger a crypto ‘arms race’ and reshape the global economic order
Cryptocurrencies promise to be central to Donald Trump’s economic policies in his second term as US president. Arguably his most controversial proposal is the creation of a strategic bitcoin reserve (SBR). This would involve the US buying up large amounts of the cryptocurrency over the coming years to hold as a reserve,
Read MoreSebi Mandates Mutual Funds to Disclose Information Ratio
SEBI directs mutual funds to disclose information ratio (IR) for equity schemes to improve transparency and aid investor decision-making. The IR measures risk-adjusted return and will be available on fund websites and AMFI.
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Read MoreThe Burst
Market Commentary: S&P 500 4,200 Next?
Last Friday a crack in the markets occurred in the final 30 minutes of trading. Although the session had largely been positive as volatility was crushed early on, selling accelerated into the close. It’s always an ominous sign for the markets when the close heading into the weekend is weak.
A closer look at the long-term trend reveals where the ceiling for the market lies.
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Read MoreThe Ivy
2 Champion Traders Bought This Stock
To be the best sometimes you simply have to follow the best and see what they are doing. That old adage applies to trading Nvidia recently when, on the same day, both Oliver Kell, who posted a 941.1% gain to win the US trading championship a few years ago, and Mark Minervini bought it.
Mark has famously become one of the most successful traders of all time,
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