Suchergebnisse
Suchergebnisse:
Vor 17 Stunden · The response of the world’s banking system, and most importantly the U.S. Federal Reserve, has been to jack up interest rates to levels not seen since the so-called Volcker shock (named after the then-head of the US Federal Reserve bank Paul Volcker), which began in late 1970 and initiated the period of Reaganite neoliberalism in the United States.
Vor 4 Tagen · In 1979, Paul Volcker took the helm of the US Federal Reserve with a determination to lance inflation and preserve the dollar’s value. He set out to underpin the currency by aligning the growth of money supply more closely with that of the economy, thereby ensuring it would be backed by new output. The strategy succeeded. By raising interest rates sharply he choked off borrowing, thereby ...
Vor einem Tag · In the 1990s, I turned my focus to infrastructure stocks after an investment scouting trip to Southeast Asia. And by 1995, at the age of 40, I had made enough money to retire. But because I love the challenge of beating the market so much, I couldn’t stay retired for long. And in 2001, I got back into gold again. It had been in a bear market ...
Vor einem Tag · Als Paul Volcker 1979 den Vorsitz der Federal Reserve übernahm, machte er die Inflationsbekämpfung zu einem vorrangigen Ziel der Notenbank. In Übereinstimmung mit den Empfehlungen von Friedman und Schwartz begrenzte Volcker zu diesem Zweck die Geldmenge. 1980 erhöhte er den Leitzins auf 20%.
Vor 5 Tagen · Bonds started to catch up after Paul Volcker’s campaign to cool inflation in the 1980s jump-started a four-decade bull run for the fixed-income market. US 10-year yields tumbled to as low as 0.3 ...
Vor einem Tag · This is more debt than can be carried or managed in a high interest rate environment. Paul Volcker pushed the fed funds rate to 20% to stifle inflation in the 1970s. That is no longer possible. Even a 10% rate would fall upon the financial markets like a hammer on an egg. But the government has only two choices. Inflate or Die.
Vor 5 Tagen · Volcker’s Fed raised the federal funds rate, which banks charge each other for overnight loans, from 11.2% in 1979 to a peak of 20% in June 1981. This caused the prime rate, which banks charge their best customers, to rise to 21.5%. The economy plunged into recession, with GDP falling 2.7% from peak to trough and unemployment soaring to 10.8% by late 1982.
