There are lessons from the 2008 - 09 Recession that the banking industry should have taken note of to prevent future lending errors. But it looks like those lessons were ignored, and history may naively repeat itself.
The U.S. has a long list of economic challenges, but complacency by bankers and economic policy makers is one of the most troubling. With the way complacency is going, we could potentially see a banking crisis this year.
All monetary policy decisions weigh heavily on the Fed’s ability to monitor and manage it effectively. But lately we're seeing the Fed pushing forward with plans to tighten monetary policy despite continual mispredictions regarding core economic indicators. Here's why that should concern most Americans.
Earlier this week, Fed chairwoman Janet Yellen said another major crisis isn’t likely “in our lifetimes.” But recent comments from Minneapolis Fed President Neel Kashkari stand in stark contrast. Here’s Yellen’s outlook vs. Kashkari’s point-by-point.