Under the Hood: The US Fractional Reserve Banking System
The history of money, how it's valued and how leveraging bank deposits creates additional capital.
3 Scenarios for Bonds if Bernanke Leaves: Pioneer’s Wardwell
If Bernanke leaves the Fed, would rates rise? Pioneer's Sam Wardwell explores the implications for fixed-income investors and advisors.
QE3: 5 Things to Know
The previous rounds of quantitative easing involved the purchase of Treasuries, but not this time. So how will QE3 affect the economy?
Fed’s Action Unblocks Eurozone’s Ventilator, but Patient Still Dying: News Analysis
A patient on life support uses a ventilator to get oxygen into his lungs, but the ventilator is partially obstructed. Removing the obstruction facilitates the patient’s breathing–just like the Fed has provided lending facilities for zombie banks on life support-but it does not treat the disease.
Fed Conflict of Interest Threatens Reputation: GAO Report
A new report from the Government Accountability Office, which details potential conflict of interest within the Federal Reserve, finds that the Fed is taking on additional risks to its reputation by allowing the banking industry to participate in choosing board members at the 12 regional Fed banks.
Bernanke on Occupy Wall Street Protesters: ‘Can’t Blame Them’
The Occupy Wall Street movement has some found legs, and Ben Bernanke, the Fed chief, seems to be at least a bit on the side of the protesters, as labor unions have now joined the demonstrations in New York.
Bernanke Warns Congress: Weak Recovery in Danger of Dying
Fed Chairman Ben Bernanke testified before the Joint Economic Committee on Tuesday, telling Congress the recovery isn’t what he hoped, and is now in danger of faltering.
Fed’s Bernanke Vindicated by ‘Monster’ Bond Rally
Call Ben Bernanke crazy, but if he is, bond market returns mean it’s like a fox. Beating even the 24.4% gain in 2008, actions taken by the Fed have resulted in the biggest bond rally since the mid-90s.
Fed Tackles Long-Term Rates to Spur Economy
The Fed said it would buy $400 billion of longer-term U.S. Treasury securities to put downward pressure on longer-term interest rates and 'help make broader financial conditions more accommodative.'
Fed’s ‘Operation Twist’ Offers Bond Investment Opportunities
What does the Fed's "Operation Twist" easy-monetary policy move mean for bond investors? Here’s a roundup of what the strategists are saying about opportunities in the fixed-income market.