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7 votes
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Pandemic bills are so big that only money-printing can pay them
6 votes -
BlackRock takes command
10 votes -
The non-bailout: How the Fed saved Boeing without paying a dime
7 votes -
The outgoing chief executive of Norway's sovereign wealth fund faces probe after luxury jet use
4 votes -
US Federal Reserve treads cautiously into municipal market with loan lifeline
5 votes -
Sweden's cashless society dream isn't all it's cracked up to be – as debates rage along lines of age, wealth and location, the country is looking to create a digital currency
4 votes -
Norway wealth fund lost record $113 billion in stock slump – fund faces first forced asset sales for crisis fiscal spending
7 votes -
Norway's sovereign wealth fund, the world's largest, named a London-based hedge fund manager as its new chief executive on Thursday
4 votes -
Strategists around Wall Street are suspending their forecasts
11 votes -
US Fed ready for unlimited QE and aid for companies, municipalities
5 votes -
Dollar funding is freezing up, and the Fed knows it
4 votes -
Federal Reserve launches special fund to keep credit flowing in US economy during coronavirus scare
4 votes -
Markets are down for a reason: Also the Fed’s response, capital requirements, opportunistic M&A and securities fraud
7 votes -
Key source of corporate cash seizing up amid US credit market rout
5 votes -
Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program
22 votes -
US President Donald Trump says he could demote Federal Reserve chair Jerome Powell, risking more market turmoil
6 votes -
Why Sweden's negative interest rate experiment is a failure
5 votes -
Norway's $1 trillion wealth fund will exclude four companies for their vast emissions of greenhouse gases, or at least put them on probation to force them to change
8 votes -
Norway's sovereign wealth fund made a 19.9% return on investment last year, earning a record 1.69 trillion Norwegian crowns ($180 billion)
15 votes -
On the supply of, and demand for, US treasury debt
3 votes -
Eight candidates have applied to head Norway’s sovereign wealth fund – board prepares to decide who should steer the global portfolio through a time of transition
6 votes -
Sweden starts testing new official digital currency – pilot project will be run in an isolated test environment together with digital tech consultants Accenture
5 votes -
‘Now is the time’: A Federal Reserve official urges Congress to plan for recessions
7 votes -
Now that Sweden has called a halt to its five-year trial with negative interest rates the serious work has begun on looking at whether it worked
7 votes -
The world's lowest interest rate may soon be raised in Denmark – new forecasts were triggered by the exchange rate
4 votes -
China's markets will reopen tomorrow, with the central bank intending to inject 1.2 trillion yuan ($174B) worth of liquidity
6 votes -
Sweden in global spotlight with interest rate move – Riksbank has ended a period of negative rates but will other central banks around the world now follow suit?
3 votes -
Sweden's central bank has tapped Accenture to develop its e-krona digital currency pilot project
6 votes -
Paul A. Volcker, Fed Chairman who helped shape American economic policy for decades, notably by leading the Federal Reserve’s campaign to subdue inflation in the 1970s and 1980s, is dead at 92
4 votes -
Sweden's central bank sells off bonds from Canadian province of Alberta and parts of Australia over climate concerns
7 votes -
Bank of Canada holds at 1.75%, warns economy's resilience to be 'tested'
8 votes -
The value of Norway's sovereign wealth fund, the world's largest, grew to a record ten trillion Norwegian crowns ($1.09 trillion) on Friday
7 votes -
Sweden central bank governor Stefan Ingves calls Facebook's Libra a 'catalytic event'
6 votes -
Norway's massive wealth fund got the go-ahead to sell oil and gas stocks worth $5.9 billion
8 votes -
Norway delivers rate hike that most economists weren't expecting
6 votes -
Bank of Canada maintains overnight rate target at 1.75%
7 votes -
Denmark's central bank roundly rejected finance industry entreaties to ease the burden of the world's longest negative interest-rate experiment
8 votes -
Iceland's central bank is prepared to cut interest rates again as an economic downturn is nearing a bottom amid a collapse in its tourism industry
5 votes -
Sweden delivers neutral fiscal policy as recession fears grow
4 votes -
Mario Draghi signals 'worse and worse' outlook warrants ECB stimulus
7 votes -
How negative rates and millionaires played a role in Danish vote
5 votes -
Should the US and the states create their own Sovereign Wealth Fund?
I think a Sovereign Fund is where Yang should move his focus to. Its a long-term approach that requires a focus. In 30 years the Norway fund has become the largest fund in the world The Norway...
I think a Sovereign Fund is where Yang should move his focus to. Its a long-term approach that requires a focus. In 30 years the Norway fund has become the largest fund in the world
The Norway Fund has been the receiver of all of Norway's Gas Taxes and Profits but has not paid out anything, so its only grown. But its intend purpose is to supply a form of a UBI (or subsidize Gov't tax revenues if the taxes were to ever fall short enough)
To Fund it, in the US, we need the Gas tax to be quadrupled. Double ($1/gal) it to properly pay for road maintenance and to pay for properly funded and expanded metro development, Greener metro lines, bike lanes, double it again ($2) to pay for Wealth Funding
This gas tax funding of $1/gal would contribute 175Billion in investments
After 40 years the wealth Fund would provide $7 Trillion Annually to pay for a UBI for as long as the US were to want it. Without any additional tax revenue
I think we can look at other jobs and industries where there is a boom and bust cycle, casinos, and where future income should be considered
Mississippi Gambling Revenue and therefore taxes has fallen 31% in 2018 (tax revenue $234 million) vs 2008's (345 million) best year numbers.
If Mississippi had contributed it's taxes to a Sovereign Wealth Fund instead of using it as a Substitute to Government taxes what would the effect have been.
A year after gambling was Legalized in Mississippi, skipping the first years taxes, the state of Mississippi has received Gaming Taxes, Starting in 1994, a total of $6.3 Billion in tax revenues
If those same taxes had been invested in a Wealth Fund its current value would be ~$29.6 Billion
Of course this would have required Mississippi to create 6 Billion in alternate tax Revenues, and this is the stump speech Yang needs to create.
Because in 5 years when Gaming Revenues have dropped another 50% its time for Mississippi to be ready, and in this case you're sitting on a $50 Billion Wealth Fund. That can pay out $4 billion a year to its 2.9million residents or fund the government services instead of deep cuts
14 votes -
Norway's sovereign wealth fund backs away from fossil fuels
7 votes -
Shadow banks are back with another big bad credit bubble
11 votes -
Pulling rabbits out of hats
3 votes -
The Bank of England has raised the interest rate to 0.75% - the highest level since March 2009
7 votes -
European Central Bank president Mario Draghi warns risks from trade war may be understated
6 votes -
US Federal Reserve votes to ease rule aimed at preventing big banks from making risky financial bets
6 votes -
African finance leaders to debate using China’s yuan as a reserve currency
10 votes