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Oops! LIBOR Spikes Again (LIBOR Leads The Fed Target Rate Increases) – Confounded Interest

confoundedinterest17 Agency MBS, Bank of England, Bank of Japan, Banking, ECB, Economy, Fed, Inflation, LIBOR, Mortgage, Powell, Uncategorized, VIX, Volatility, Yellen November 30, 2018 0 Minutes The London Interbank Offered Rate (LIBOR) has been rising since The Federal Reserve began raising their target rate back in late 2015 and has accelerated as The Fed began rapidly raising its target rate ...

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When The Music Stops, Who Gets Stuck With The Bad Loans?

The Federal Reserve is raising interest rates. Higher rates = higher monthly payments = more defaults. Who will get stuck with bad loans? Wolf Street recently interviewed Mike Jackson, CEO of AutoNation, the largest auto retailer in the country: “We knew ‘free money would inevitably end. Affordability would become an issue…’ The double whammy are rising costs for highly leveraged ...

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Trump-Xi dinner puts billions of dollars on the table – Axios

If President Trump’s dinner with Chinese President Xi Jinping on Saturday at the G20 summit is make-or-break, Trump is giving every indication he’s prepared for, or even prefers, the latter option. Between the lines: Trump told reporters before taking off for Argentina that while China is interested in striking a deal, “I don’t know if I want to do it” ...

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Greek police bust huge gold smuggling ring — Greek City Times

Greek police have announced they have arrested 63 people accused of running a major gold smuggling operation, using a network of pawn shops that rapidly expanded during the country’s financial crisis. Police managed to seize cash, gold bars, jewels, and other valuable items worth an estimated 2 million euros ($2.3 million). The suspects allegedly exported much of the gold to ...

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The Fed is still tweaking its balance sheet unwind

A recent survey the bank did of financial officers indicated that banks are comfortable with a smaller balance sheet than the $4 trillion one in place now, as well as one larger than the $800 billion or so level in place before the financial crisis and the Fed’s stimulus program. Minutes from the November Federal Open Market Committee meeting detailed ...

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