Tag: oct 26 2021

Manhattan securities firms lost a net 3,600 workers last year, trimming payrolls by about 2 percent down to 179,000, according to data from the New York State Comptroller’s office. The city is set to lose another 4,900 of those employees this year, even though companies have bannered higher pay and better working conditions for new...

Trends Journal has written about the scandals involving the ethical breaches at the Federal Reserve; see:  “MORE PANDEMIC SHADY TRADES AT THE FEDERAL RESERVE?” (5 Oct 2021)  “BANKSTER BANDITS GET RICHER PLAYING THE INSIDE TRACK” (14 Sep 2021) “FED ETHICS? FU!” (21 Sep 2021) “FED’S KAPLAN SIGNALED CONFLICTS IN DISCLOSURE FORM” (21 Sep 2021) Those...

The U.S. Federal Reserve will no longer allow officials to trade stocks and bonds and will limit all trading activity under new rules announced last week. “These tough new rules raise the bar high in order to assure the public we serve that all of our senior officials maintain a single-minded focus on the public...

This year, 11.5 percent of Americans plan not to buy gifts, according to a survey by accounting and business services firm Deloitte. The number is the highest in 10 years, and more than doubles the 4.9 percent who said they would not shop during 2020’s holiday season, Bloomberg reported. In 2019, 2.9 percent said they...

In fiscal year 2021, which ended 30 September, the U.S. budget deficit climbed to $2.8 trillion, second only to fiscal 2020’s $3.1 trillion when the federal government and U.S. Federal Reserve flooded the economy with gifts, grants, and loans to keep it from crashing. The previous record deficit was 2009’s $1.4 billion during the Great...

On 22 October, a measure of investors’ outlook for inflation notched its worst mark since 2012. The 10-year breakeven rate gauges what investors think a rate of return would have to be to match inflation over the next decade. Last week, the rate rose to 2.64, according to Federal Reserve Economic Data. The breakeven rate...