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Wall Street boogeymen known as 'bond vigilantes' have haunted Democrats for decades. But Biden has a chance to exorcise those demons, reshape the economy, and tackle climate change.

President Biden should ignore worries about Wall Street boogeymen known as "bond vigilantes" and finance his infrastructure and green energy plan with debt. Dilip Vishwanat/Getty Images; Samantha Lee/Insider Joe Biden plans to pay for his climate, infrastructure and jobs bill with higher taxes instead of deficit spending Democratic politicians have been scared off from ambitious deficit spending to avoid spiking interest rates imposed by so-called "bond vigilantes." But investors demand sa...
Tags: Congress, California, White House, China, US, America, Los Angeles, Barack Obama, Trends, Joe Biden, Brooklyn, Gop, Washington Dc, New York Times, Bill Clinton, Treasury


The US economy is barreling towards a post-COVID boom. All it took was for the people in charge to finally learn from the 2008 recession's disastrous mistakes.

President Joe Biden has framed his infrastructure plan as a means of strengthening democracy and undermining autocracy. Alex Wong/Getty Images The US economy is finally shaking off the cobwebs and is set up for a huge post-COVID boom. This is because Congress, the president, and the Fed all learned from the lackluster post-2008 recovery. Strong and sustained support for workers and American families is going to help boost the economy through 2021 and beyond. This is an opinion column. The ...
Tags: Apple, Facebook, Obama, Congress, US, Trends, Joe Biden, Ford, Federal Reserve, Biden, Donald Trump, Tea Party, Brexit, Fed, Powell, Federal Reserve Chair


The stock market will face a 'day of reckoning' this year when an inevitable inflation spike forces the Fed's hand, says Wharton professor Jeremy Siegel

REUTERS/Steve Marcus Wharton's Jeremy Siegel said the stock market will face a "day of reckoning" sometime this year as inflation spikes. He forecasts an uptick in inflation will force the Fed to change its accommodative policy and that will spook stocks. He also said inflation will rise cumulatively 20% over the next four years. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The stock market will face a reality check at some point in 2021 when a spike in...
Tags: Washington, Finance, Trends, Markets, Federal Reserve, Cnbc, Yellen, Fed, SIEGEL, Wharton, Jeremy Siegel, Stock Market Outlook, Stock Market Forecast, Emily Graffeo, Cyclical Stocks, Fed policy


Nobel prize-winning economist Paul Krugman on inflation, Modern Monetary Theory, and why government underspending worries him

Paul Krugman. Brendan McDermid/Reuters Insider met with Nobel laureate Paul Krugman on Wednesday to discuss the US economy. Topics ranged from the Federal Reserve's rate strategy to the need to pay for Biden's spending plans. Presented below is a lightly edited transcript of the half-hour conversation. See more stories on Insider's business page. Inflation. Multitrillion-dollar spending proposals. The Federal Reserve's rate strategy. The economic recovery in general.There w...
Tags: Senate, US, Trends, Joe Biden, Treasury, Federal Reserve, Biden, Paul Krugman, Fed, Lehman Brothers, Krugman, Joe Manchin, Atlanta Fed, NAIRU, Greater IRS, Stephanie Kelton


Biden's break from neoliberalism to invest in the middle class could create 'the mother of all economic booms' - an economic commentator explains why

President Joe Biden delivers remarks about vaccinations, in the State Dining Room of the White House, Tuesday, April 6, 2021, in Washington. Evan Vucci/AP Paul Constant is a writer at Civic Ventures and cohost of the "Pitchfork Economics" podcast with Nick Hanauer and David Goldstein. In the latest episode, they spoke with writer and economic commentator Anusar Farooqui. Farooqui says we could soon see a "once-in-a-century realignment" of how the global economy works. See more stories on ...
Tags: Senate, White House, Trends, Joe Biden, United States, Biden, Trump, Fed, Goldstein, Farooqui, Nick Hanauer, Paul Constant, Hanauer, Civic Ventures, Federal Reserves, David Goldstein


Dow, S&P 500 close at record highs after dismal jobs report gives Fed more breathing room

Xinhua/Wang Ying/ Getty Images The Dow Jones and S&P 500 closed at record highs on Friday after a weak April jobs report gave the Federal Reserve breathing room to continue with its easy monetary policies.April saw an addition of 266,000 jobs, well below the estimates forecast of 1 million.The April jobs report represented the worst miss since 1998.The Dow Jones and S&P 500 closed at record highs on Friday after a weak April jobs report led to investors bidding up popular stay-at-home stoc...
Tags: US, Trends, Markets, West Texas Intermediate, Bill, Federal Reserve, Stock Market, Goldman, Melinda Gates, Dow Jones, Jefferies, S&P 500, Dow Jones Industrial Average, Citi, Fed, Melinda


Gold spikes as as 'epic' miss in April jobs report eases worries about a Fed rate hike

Gold prices picked up Friday. David Gray/Getty Images Gold prices climbed to their highest since early February on Friday following the April US jobs report. The gain of 266,000 jobs was well below expectations of 1 million jobs being added to payrolls. The data miss pushed Treasury yields lower, make gold more attractive to buy. See more stories on Insider's business page. Gold prices jumped Friday after the weak US monthly jobs report tamped down expectations of an interest-rate hi...
Tags: US, Trends, Gold, Markets, Bloomberg, Jobs Report, Treasury, Federal Reserve, Metals, Fed, Bullion, Labor Department, Jerome Powell, Carla Mozee, OANDA, Rate Hike


S&P 500 hits record high after bad April jobs-report miss dampens inflation fears

A trader works on the floor at the NYSE in New York Reuters Tech stocks jumped on Friday after a weak April jobs report led to a rally in stay-at-home stocks.April saw an addition of 266,000 jobs, well below the estimates forecast of 1 million.The April jobs report represented the worst miss since 1998.Technology stocks soared on Friday and the S&P 500 hit a record high after a weak April jobs report led to investors bidding up popular stay-at-home stocks that have performed well during the...
Tags: Finance, US, Trends, Markets, Square, Trading, Bill, Stock Market, Goldman, Melinda Gates, Dow Jones, S&P 500, Dow Jones Industrial Average, Nyse, Citi, Fed


Why the horrid April jobs report was actually great news for stocks

Drew Angerer/Getty Images The April jobs report badly missed estimates on Friday, but the stock market promptly hit record highs anyway.That's because the market is now in a phase where bad economic news is good news for equities.The biggest fear for investors is an inflation spike that prompts the Federal Reserve to tightening monetary policy sooner than expected. The weak jobs report soothed those worries.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Bad ec...
Tags: Trends, Markets, Bank Of America, Economy, Jobs Report, Trading, Stocks, Janet Yellen, Federal Reserve, Stock Market, Fed, Lee, Powell, Tom Lee, Jerome Powell, US Chamber of Commerce


Nobel prize-winning economist Paul Krugman details the indicators he's watching for the first signs of an inflation shock

Paul Krugman. Ricardo Rubio/Europa Press/Getty Images The reopening economy is seeing stronger inflation, which many expect to be temporary, including famous economist Paul Krugman. The Nobel laureate told Insider that watching several indices gives a clearer picture than the Fed's top measure. Anecdotal evidence and workers' contracts can also catch some price growth missed by other data, he said. See more stories on Insider's business page. As comes the recovery, so does infl...
Tags: US, Trends, Treasury, Federal Reserve, Paul Krugman, Fed, Krugman, Larry Summers, Federal Reserve Bank of Atlanta, Ben Winck, Paul Krugman Ricardo Rubio Europa


Tech stocks jump after bad April jobs-report miss dampens inflation fears

A trader works on the floor at the NYSE in New York Reuters Tech stocks jumped on Friday after a weak April jobs report led to a rally in stay-at-home stocks.April saw an addition of 266,000 jobs, well below the estimates forecast of 1 million.The April jobs report represented the worst miss since 1998.Technology stocks soared on Friday after a weak April jobs report led to investors bidding up popular stay-at-home stocks that have performed well during the pandemic.April saw an addition of...
Tags: Finance, US, Trends, Markets, Square, Trading, Bill, Stock Market, Nasdaq, Goldman, Melinda Gates, Dow Jones, S&P 500, Dow Jones Industrial Average, Nyse, Citi


Fed Guidelines Look to Curb Fintechs Before They Run Wild

Leveling the playing field for using Fed services and payment rails could make new players with unusual charters toe the banking line. The post Fed Guidelines Look to Curb Fintechs Before They Run Wild appeared first on The Financial Brand.
Tags: Finance, Fed


Fed Proposes Guidelines for ‘Novel Bank’ Access to Its Payments System

Leveling the playing field for using Fed services and payment rails could make new players with unusual charters toe the banking line. The post Fed Proposes Guidelines for ‘Novel Bank’ Access to Its Payments System appeared first on The Financial Brand.
Tags: Finance, Fed


Fed Proposes Rules for ‘Novel Bank’ Access to Its Payments System

Level-playing field for all using Fed services and payment rails could make new players with unusual charters toe banking line. The post Fed Proposes Rules for ‘Novel Bank’ Access to Its Payments System appeared first on The Financial Brand.
Tags: Finance, Fed


Fed Guidelines Would Corral Fintechs (Before They Run Wild)

Leveling the playing field for using Fed services and payment rails could make new players with unusual charters toe the banking line. The post Fed Guidelines Would Corral Fintechs (Before They Run Wild) appeared first on The Financial Brand.
Tags: Finance, Fed


Dollar General at center of labor unrest controversy after frustrated workers walk off job in Maine citing low wages and understaffed stores

Courtesy of Nate Theriault Dollar General employees quit in protest over understaffing and low pay at a store in Eliot, Maine. "They figured that they had me trapped in a job that I couldn't get out of. To some degree they were right," one worker told Insider. The walkout at the Dollar General follows much labor unrest in the state in recent months. See more stories on Insider's business page. Berndt Erikson worked as the nightly closer and key-holder at a Dollar General in the sm...
Tags: US, Trends, Maine, Joe, Andy, Fed, AFL CIO, Brien, York County, ELIOT Maine, O Brien, Eliot, Erikson, Andy O Brien, Dollar General, WMTW


A top economist says everyone on Wall Street is underestimating the jobs rebound: 'What is everybody else not seeing?'

A man wearing a mask walks past a "now hiring" sign on Melrose Avenue amid the coronavirus pandemic on April 22, 2021 in Los Angeles, California. Alexi Rosenfeld/Getty Images Jefferies' estimate for April payroll growth is 2.1 million jobs, double the consensus forecast. Economist Aneta Markowska cited time-sheet data, jobless claims, and surveys for her bullish forecast. Reopening and stimulus will play a bigger role in the April report than in March, she added. See more stories on In...
Tags: US, Trends, Bloomberg, Bureau of Labor Statistics, Federal Reserve, Jefferies, Fed, Los Angeles California, BLS, Census Bureau, Conference Board, Ben Winck, Markowska, Aneta Markowska, Alexi Rosenfeld Getty Images Jefferies, Markowska Jefferies


A top economist details why Friday's jobs report will be twice as strong as other experts think: 'What is everybody else not seeing?'

A man wearing a mask walks past a "now hiring" sign on Melrose Avenue amid the coronavirus pandemic on April 22, 2021 in Los Angeles, California. Alexi Rosenfeld/Getty Images Jefferies' estimate for April payroll growth is 2.1 million jobs, double the consensus forecast. Economist Aneta Markowska cited time-sheet data, jobless claims, and surveys for her bullish forecast. Reopening and stimulus will play a bigger role in the April report than in March, she added. See more stories on In...
Tags: US, Trends, Bloomberg, Bureau of Labor Statistics, Federal Reserve, Jefferies, Fed, Los Angeles California, BLS, Census Bureau, Conference Board, Ben Winck, Markowska, Aneta Markowska, Alexi Rosenfeld Getty Images Jefferies, Markowska Jefferies


'What is everybody else not seeing?' One top economist details why Friday's jobs report will double the average forecast - and explains why she's comfortable being an outlier

A man wearing a mask walks past a "now hiring" sign on Melrose Avenue amid the coronavirus pandemic on April 22, 2021 in Los Angeles, California. Alexi Rosenfeld/Getty Images Jefferies' estimate for April payroll growth is 2.1 million jobs, double the consensus forecast. Economist Aneta Markowska cited time-sheet data, jobless claims, and surveys for her bullish forecast. Reopening and stimulus will play a bigger role in the April report than in March, she added. See more stories on In...
Tags: US, Trends, Bloomberg, Bureau of Labor Statistics, Federal Reserve, Jefferies, Fed, Los Angeles California, BLS, Census Bureau, Conference Board, Ben Winck, Markowska, Aneta Markowska, Alexi Rosenfeld Getty Images Jefferies, Markowska Jefferies


From corn to copper, these 10 commodities have surged in 2021 amid an unprecedented economic recovery

Alex Wong/Getty Images Inflation has been the talk of the markets lately amid a resurging economy, and consumers are just beginning to feel the heat. Fed chair Jerome Powell has said inflation is "transitory," but a number of experts disagree. From corn to copper, these ten commodities have all jumped double digits in 2021 alone. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. After holding at an annual rate of 1.4% in January and 1.7% in February, inflation, as ...
Tags: Trends, Treasury, Berkshire Hathaway, Warren Buffett, Janet Yellen, Federal Reserve, Biden, Warren Buffet, Fed, Powell, Allianz, Mohamed El Erian, El Erian, Jerome Powell, Alex Wong Getty, Queen s College


Billionaire investor Leon Cooperman blasted stimulus efforts, flagged a bond bubble, and warned of a brutal market crash in an interview this week. Here are the 11 best quotes.

Leon Cooperman. Jeff Zelevansky/Reuters Leon Cooperman criticized the federal government for pumping up the US economy.The billionaire investor said low interest rates and stimulus are pushing investors to take risks.The Omega Advisors boss warned of a brutal market crash once conditions worsen.See more stories on Insider's business page.Leon Cooperman blasted the federal government for juicing a booming economy, predicted rising inflation will prompt an interest-rate hike next year,...
Tags: US, Trends, SEC, Warren Buffett, Federal Reserve, Fed, Long Term Capital Management, Leon Cooperman, Omega Advisors, Cooperman, Bloomberg Surveillance, Theron Mohamed, Archegos Capital


Clips From Today’s Closing Bell

Josh Brown believes the Fed will have to taper before the end of 2021 from CNBC. ...The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.
Tags: Finance, Uncategorized, Cnbc, Fed, Josh Brown


5 warning signs in the real-estate market that recall the mid-2000s housing bubble

Robert Galbraith/ Reuters Several gauges of housing market activity mirror trends seen just before the bubble burst in 2008. Experts see the current boom as far safer than the prior rally, citing stronger lending requirements. Still, here are trends ranging from home prices to construction activity that resemble 2005 and 2006. See more stories on Insider's business page. Housing-market monitors keep repeating the phrase "since 2005," except when it's "since 2006." That's worry...
Tags: US, Trends, Seattle, Fed, Homebuying, Reuters, Freddie Mac, Urban Institute, National Association of Realtors, Robert Galbraith, Census Bureau, CoreLogic, Federal Reserve Chair, Jerome Powell, Frank Martell, Phoenix San Diego


US private payrolls climb by 742,000 in April as labor market strengthens, ADP says

People walk through downtown Brooklyn on May 3, 2021 in New York City. Spencer Platt/Getty Images The US gained 742,000 private payrolls in April, ADP said in its monthly employment report. The reading marks a fourth straight monthly climb but is below economists' 873,000-payroll estimate. The report backs up forecasts of strong hiring from reopening and vaccination in the last month. See more stories on Insider's business page. The US private sector saw hiring accelerate through A...
Tags: US, Trends, Bank Of America, Bloomberg, Joe Biden, Bureau of Labor Statistics, Brooklyn, Ubs, ADP, Fed, Richardson, Nela Richardson, Jerome Powell, Ben Winck, New York City Spencer Platt Getty


Dogecoin's 14,000% rally helps it eclipse XRP to become the 4th-largest cryptocurrency

Dogecoin was started as a joke in 2013. Yuriko Nakao/Getty Images Dogecoin has rallied 14,000% year-to-date, bringing its market value to more than $85 billion.That surge has helped catapult dogecoin to becoming the fourth most valuable cryptocurrency.Dogecoin eclipsed XRP on Tuesday after the meme-inspired cryptocurrency surged about 60%.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Dogecoin is now the fourth largest cryptocurrency by market value, according to d...
Tags: Congress, Finance, Trends, Markets, Bank Of America, Bitcoin, Crypto, Trading, Doge, Cryptocurrency, Musk, Fed, BofA, James Wang, Dogecoin, Matthew Fox


Warren Buffett, Mohamed El-Erian and now Janet Yellen spark fears over a pickup in inflation that could pile pressure on the Fed

Warren Buffett said he was seeing "very substantial inflation." Nati Harnik/AP Janet Yellen worried Wall Street on Tuesday with comments on inflation that were swiftly rowed back. Warren Buffett and Mohamed El-Erian have warned higher inflation could be here to stay. Investors fear strong price rises could cause the Fed to cut back its support for the economy. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Treasury Secretary Janet Yellen caused a minor freak-out ...
Tags: London, Wall Street, Trends, Joe Biden, Atlantic, Pimco, Berkshire Hathaway, Warren Buffett, Janet Yellen, Federal Reserve, Biden, Wall Street Journal, Cnbc, Steel, Buffett, Yellen


US and European stocks reverse losses as Yellen signals inflation won't hurt recovery and commodities rally

Bryan R. Smith / AFP via Getty Images US and European stocks recovered on Tuesday after a switch in Janet Yellen's tone. She assured markets a rate hike is neither something she was predicting nor recommending. Surging commodity prices pushed UK mining stocks higher, lifted by recovery sentiment. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks rose slightly on Wednesday after Treasury Secretary Janet Yellen said she doesn't expect inflation to b...
Tags: South Korea, Hong Kong, Europe, UK, London, US, Trends, Frankfurt, Treasury, Deutsche Bank, Janet Yellen, Novo Nordisk, Nasdaq, Dax, Yellen, Fed


10 Things in Politics: Trump's a blogger now

Good morning! Welcome back to 10 Things in Politics, your weekday look at the biggest stories in DC and beyond. Sign up here to receive this newsletter.Send tips to [email protected] or tweet me at @BrentGriffiths.Here's what we're talking about:Trump went back to the past to find his online futureThe top House Republican tore into Rep. Liz Cheney when he thought he was off the airThe Justice Department must turn over a secret memo Barr used to clear TrumpOne thing to look out for t...
Tags: Facebook, Utah, New York, Obama, Congress, Washington Post, Washington, White House, Russia, Israel, US, Newsletter, Trends, Joe Biden, Ap, Getty Images


Tech stocks plummet as Yellen says interest rates may need to rise

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020. Andrew Kelly/Reuters US stocks sank Tuesday as Treasury Secretary Yellen said interest rates may need to rise to prevent the economy from overheating. Tech stocks led losses with Apple, Amazon, and Tesla all in the red at the close. The Treasury Secretary's comments contrast with the Fed's plans to hold rates near zero through 2023. Sign up here for our daily newsletter, 10 Thin...
Tags: Amazon, New York City, US, Trends, Tech, Markets, Tesla, Atlantic, Treasury, Janet Yellen, Federal Reserve, Wall Street Journal, Jamie Dimon, Dow, S&P 500, Nyse


Treasury Secretary Janet Yellen says higher interest rates may be needed so economy doesn't 'overheat'

Treasury Secretary Janet Yellen. Jacquelyn Martin/AP It might be necessary to lift interest rates to keep the economy from overheating, Janet Yellen said. The Treasury Secretary's comments contrast with the Fed's plans to hold rates near zero through 2023. Some experts fear Biden's latest spending plans risk dangerously strong inflation. See more stories on Insider's business page. Treasury Secretary Janet Yellen is among the country's most experienced economic policy e...
Tags: Obama, White House, US, Trends, Joe Biden, Atlantic, Treasury, Janet Yellen, Federal Reserve, Biden, Clinton, Yellen, Fed, Larry Summers, Council of Economic Advisors, Jen Psaki



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