Month: January 2016

IMF’s Lagarde Says Nigeria Needs Flexibility in Monetary Policy

IMF’s Lagarde Says Nigeria Needs Flexibility in Monetary Policy

Nigeria needs more flexibility in setting monetary policy so it can use its foreign currency reserves to support the poor population if low oil prices persist, said International Monetary Fund Managing Director Christine Lagarde. “With a very clear ambition to support the poor people of Nigeria, there could be added flexibility in the monetary policy,…

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This startup wants a stake in your home; poor credit no problem

This startup wants a stake in your home; poor credit no problem

Nicole Bennett wanted to pull cash out of her house in Antioch, Calif., to reduce a growing mound of debt. When Bennett’s mortgage lender, Wells Fargo amp; Co., refused the social worker because her credit score was too low, she turned to a technology startup called Point Digital Finance. In October, Bennett got the almost…

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What Is Credit One Bank?

What Is Credit One Bank?

When you have had problems with your credit, it can be difficult to find a card issuer that will approve you for a new card, yet this is a necessary step towards rebuilding your credit. On one hand, there are plenty of credit cards that are offered to applicants with good or excellent credit, while…

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2015: The Year Of Divergent Monetary Policies And Falling Commodity Prices

2015: The Year Of Divergent Monetary Policies And Falling Commodity Prices

I have co-written this article with Dipanshu Gupta and Rishiraj Agarwal, analysts, Investment Research amp; Analytics at Aranca Monetary Easing Provided Initial Thrust to Equities Global markets commenced 2015 with a strong positive momentum. The markets were optimistic due to the larger-than-expected stimulus announced by ECB President Mario Draghi to lift the sagging Eurozone economy…

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Economic Growth: Will Fiscal, Monetary Policies Cooperate With ‘Change’ Budget?

Economic Growth: Will Fiscal, Monetary Policies Cooperate With ‘Change’ Budget?

The 2016 N6.08 trillion budget shows a clear deviation from the past in terms of capital spend, fiscal discipline and policy priority. Budget deficit is to double to N2.2trillion even as the government plans to revive the economy by tripling capital expenditure to N1.9trillion. If properly implemented, the 2016 budget should place the country on…

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Australia’s Reserve Bank beats incompetent Fed in understanding monetary …

Australia’s Reserve Bank beats incompetent Fed in understanding monetary …

In a case of the little battler that could, global investment analyst Marc Faber believes Australias Reserve Bank has a much better grasp of monetary policy than its much bigger cousin the US Federal Reserve. Dr Faber – famous for The Gloom, Boom and Doom Report that he authors – told the ABCs PM program…

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The US Economy Restrains Itself; No Need For Monetary Policy Influence

The US Economy Restrains Itself; No Need For Monetary Policy Influence

By Jeffrey P. Snider The Census Bureau released its estimates for November US trade. It was yet another debacle for the FOMC narrative about an economy poised to overheat. November was the month in between the two FOMC meetings where they first declared (October) risks diminished and then (in December) recovery conditions fully met. Instead,…

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Bank of England should be stripped of monetary policy powers, Adam Smith …

Bank of England should be stripped of monetary policy powers, Adam Smith …

Major public policy thinktank the Adam Smith Institute has urged the Bank of England (BoE) to move towards a free banking system. The Institute has said that ultimately, the Bank should be stripped of its monetary policy powers. The comments, made in a paper published by the neoliberal and pro-free market thinktank, come ahead of…

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Developing economies versus US monetary policy

Developing economies versus US monetary policy

Can increase in US federal funds rate target trigger a financial shock in Uganda? The US Federal Reserve (the US Central Bank) commonly dubbed as “the Fed” is perhaps one of the most important central banks that plays a pivotal role in the global financial system. Changes in the Fed’s monetary policy do not only…

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