The Federal Reserve is central to the U.S. economy today, and it’s controlled by just 12 people. Its monetary policies can lower inflation or even spark a recession.
The central bank says it’s dedicated to achieving its goals set by Congress to maximize employment and maintain price stability, but some of its decisions like raising interest rates are not always popular with Americans.
WSJ explains how the Fed became the power it is today and why it plays such a major role in the country.
Owen Thomas, Boston Properties CEO says that commercial real estate sentiment is worse than the reality. He also explains the challenges of re-purposing struggling office buildings.
In March 2023 Bernard Arnault, the chairman and CEO of luxury fashion giant LVMH overtook Elon Musk to become the wealthiest person in the world. He is the only European in the list of top 10 richest people in the world. His wealth has skyrocketed with the massive growth in LVMH’s share price. And it's not hard to see why they’re so profitable. It’s easy to make money when you can sell items of clothing for $5,000. While luxury brands build the perception of having the highest quality of goods, they are not usually any different than the products you would buy at a high street store.
Luxury brands are highly sophisticated marketing machines that employ every psychological trick in the book to make you believe the product they’re selling you is worth the astronomical price tag. In today's video we look at who actually buys these goods, if Rolex watches and Birkin bags are actually good investments, and if the Luxury Goods bubble is about to burst.
Investing is a business of managing risk for the long term. In a year where recession fears abound, a war in Ukraine rages on for a second year, and geopolitical tensions across the globe are boiling under the surface we asked Boaz Weinstein, Ida Liu and David Rubenstein what they think the next risk is for markets.
My name is STANLEY EPSTEIN and I am a member of the Citadel Advantage Group. I am a Illumeo Certified Instructor. Check out all my Online Training Courses. Just CLICK on the INSTRUCTOR badge.
