How ‘patient’ is Yellen?

When Federal Reserve chairwoman Janet Yellen gives evidence to the Senate Banking Committee on Tuesday, she has an opportunity to speak above the heads of the financial markets to Congress and the American people. There is pressure in the Senate to bring the Fed under Congressional “audit”, something that almost …

Fannie Mae and Freddie Mac: Never been better

UK Only Article: standard article Fly Title: Fannie Mae and Freddie Mac Rubric: America's mortgage-insurance giants are making bigger profits than before the crisis Byline: C.R. & T.E. Location: LONDON AND NEW YORK Main image: 20150221_fnp511.jpg FANNIE MAE and Freddie Mac may sound …

How to look at the Greece bailout deal

Yesterday, Greece received an agreement in principal to extend its existing bailout program for another four months from the institutions administering that program. I believe this deal is a good basis for further work down the line. But Greece has a lot of work ahead of it, if it is …

Oversupply Concerns Hurt Crude Oil

Futures for ;crude oil dropped today amid concerns about oversupply. While the ;number of ;oil rigs was falling in ;the ;United States, the ;pace of ;closure is …

This website can literally save you hundreds of pounds on UK train travel

The art of “ticket splitting” — saving money by splitting up your journey by buying several tickets instead of one — has been around since the 1970s. But now the technique has gone mainstream after a website called “TrainSplit.com” was picked up by The Sunday Times. It uses legitimate …

Yellen Monetary Policy on Tap – Fox Business

Fox BusinessYellen Monetary Policy on TapFox BusinessFederal Reserve Chair Janet Yellen begins two days of testimony Tuesday before Congress and the goal of the politicians will be to glean from Yellen some as-yet ungleaned clue as to the when the central bank plans to raise interest rates. In all …

Corporate Profits

Yes I am playing with FRED. My thoughts about the graph after the jump. First isn’t that a long name for a time series ? Profit measurement is controversial. Non-accountants such as myself are afraid to even go there. Wouldn’t you have guessed a larger ratio ? So much …

Australian venues ban ‘narcissistic’ selfie sticks

The promoter of the Soundwave music festival, held in major cities across Australia, has vowed to crack down on “selfie” sticks, saying they are preventing concertgoers from enjoying the show. Promoter AJ Maddah’s concerns come as the Sydney Entertainment Centre, now Qantas Credit Union Arena, confirmed to Fairfax Media that …

Did Holbein invent Henry VIII?

In a Culture Show special, Waldemar Januszczak looks at the work of Hans Holbein the Younger. He argues that the painter was integral to our idea of the Tudors.