Hack of SEC’s System Shows the Drawbacks to Financial Market Investments
The US Securities and Exchange Commission (SEC) announced this week that the electronic system it uses for storing filings from public companies was accessed by hackers. The...
Federal Reserve Quantitative Tightening Could Spur the Next Financial Crisis
In an unsurprising development, the Federal Reserve decided at this week’s Federal Open Market Committee (FOMC) meeting that it would begin implementing the program of drawing down its balance sheet that it had begun to develop earlier this year. But while ending aggressively expansive monetary policy is a good thing, actively tightening monetary policy does bring up some cause...
China to Issue $2 Billion in Dollar-Denominated Debt
The Chinese government just recently announced plans to issue $2 billion in dollar-denominated debt, its first dollar-denominated debt issuance since 2004. With countries such as Iran, Russia, and Venezuela turning to the yuan both for political reasons as well as for oil sales, and with the yuan’s recent inclusion in the IMF’s basket of currencies that make up Special...
Mexican Congressmen Propose Monetization of Silver Libertad Coin
A group of Congressmen in Mexico’s Chamber of Deputies recently held a forum to propose the monetization of the Mexican Silver Libertad one ounce silver coin. The monetization of silver in Mexico has been a favorite project of Mexican businessman Hugo Salinas Price for years, and the idea continues to enjoy support among some members of Mexico’s political class. Supporters...
Worried About the Equifax Breach? Here Are Some Tips
After the massive Equifax data breach, you might want to take proactive measures to check your credit history and prevent your identity from being stolen. Equifax’s measures to protect consumers in the aftermath of the breach have rightly been criticized, from setting up a site that asked for even more sensitive personal information, to sending consumers to an erroneous...