The record government shutdown, if not resolved soon, could be ‘fodder for recession’: Moody’s

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The record government shutdown, if not resolved soon, could be ‘fodder for recession’: Moody’s


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“If this drags on into February, March, then growth rates are going to fall to a place where unemployment will start to rise,” economist Mark Zandi warns.

Shutdown is starting to hurt Trump’s financial deregulation agenda

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Shutdown is starting to hurt Trump’s financial deregulation agenda


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The U.S. government shutdown over President Donald Trump’s call for Congress to fund a wall he promised to build on the U.S.- Mexican border is threatening another campaign pledge to make rules easier to navigate for banks and corporations.

Fed’s Kashkari says big banks are safer now than before the financial crisis

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Fed’s Kashkari says big banks are safer now than before the financial crisis


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Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and a critic of big banks, on Wednesday said the biggest U.S. banks are “unquestionably” safer than they were before the 2007-2009 financial crisis.

The mortgage industry isn’t ready for a foreclosure crisis created by climate change

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The mortgage industry isn’t ready for a foreclosure crisis created by climate change


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As extreme weather events become more frequent in places where borrowers might not have flood or fire insurance, the risk of foreclosure rises. Some now predict that the nation could face a climate-related inspired housing crisis.

Economist Ed Lazear: The stock market is the best economic indicator and it’s signaling caution

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Economist Ed Lazear: The stock market is the best economic indicator and it’s signaling caution


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“Given the volatility in the market,” Lazear argues, “probably a few weeks worth of patience is not a terrible thing at this point” from the Fed on interest rates.