Since when does the IMF care about inequality?

Last Thursday, the International Monetary Fund spooked the markets and surprised commentators Reprimand Conservative government in the UK due to fiscal irresponsibility. The shock was felt. The IMF’s criticism of the government of a large Western economy was a bit like a janitor berating the owner for endangering a building’s appraised value. This sense of … Read more

Why won’t the Fed be so quick to ease its fight against inflation

Jerome Powell, US Federal Reserve Chairman, speaks during a federal hearing event in Washington, D.C., US, on Friday, September 23, 2022. This week, Federal Reserve officials gave their clearest signal yet that they are willing to take on a recession as a necessary trade-off to regain control of inflation. . Drago | Bloomberg | Getty … Read more

Analysis: Tesla may face its toughest challenges yet as the economy slows

SAN FRANCISCO, Oct. 4 (Reuters) – In July, Tesla (TSLA.O) CEO Elon Musk said the electric car maker had no problem with customer demand, simply a problem making and shipping all the Model Ys and Model 3s consumers were willing to buy. This may no longer be true. Analysts are seeing early warning signs for … Read more

Brazilian markets have their best day since 2020 as Bolsonaro beats polls

São Paulo (Reuters) – Brazilian markets jumped on Monday as a stronger-than-expected performance by President Jair Bolsonaro and his allies in Congress in the first round of a general election eased concerns about sharp changes in economic policy. The Brazilian currency strengthened more than 4% against the dollar, while the benchmark Bovespa stock index (.BVSP) … Read more

Brazilian markets rose as Bolsonaro’s strong performance in the run-off ignited

SAO PAULO/BRASILIA (Reuters) – Brazil’s real currency and stock market surged on Monday after far-right President Jair Bolsonaro outperformed in the polls and secured his place in a tense run-off, denying leftist Luiz Inacio Lula da Silva an outright election victory. . first round. Bolsonaro’s unexpectedly strong performance on Sunday dashed hopes for a quick … Read more

Analysis: Underwater: How the Bank of England has delivered a lifeblood to the markets

Bank of England bought bonds after pension fund pleas Some UK pension funds have faced problematic margin calls BoE support is seen as giving an opportunity to build collateral The British government’s unfunded tax plan scared the markets LONDON/NEW YORK (Reuters) – Calls from the Bank of England began on Monday saying some British pension … Read more

The super-rich in the US justify their low tax rates with three myths – all nonsense | Robert Reich

The Congressional Budget Office on Tuesday released a study of household wealth distribution trends between 1989 and 2019. During those 30 years, the richest 1% of families increased their share of the total national wealth from 27% to 34%. Families in the lower half of the economy now own just 2%. Meanwhile, a record share … Read more

Energy expert says California sudden income tax is a bad idea

Check out what’s clicked on California’s implementation of an unexpected tax on oil companies would be harmful, according to an energy expert who spoke with FOX Business. democratic California Governor Gavin Newsom Last Friday, he called for the imposition of a windfall profit tax on profits in excess of a specified amount for companies … Read more