Related Research News Report http://www.channelnewsasia.com/stories/singaporelocalnews/view/1012376/1/.html
Earlier this week, the Federal Reserve kept its federal funds rate unchanged in a range of zero to 0.25 percent, and said the economy “continued to pick up” since its last meeting.
Robert Barbera, chief economist at ITG, shared his insights on how the Fed statement impacts financial firms and the economy.
“Six months ago, the question was: The fund rate is already zero, can you invent a strategy that allows you to resuscitate the financials, banks and the like?—And I think the alphabet soup did that,” Barbera told CNBC.
He declared that the buying of Treasurys and mortgages “worked.”
“And when I say worked, the name of the game is supposed to be, you reflate the financial system—risky asset prices go up, risky interest rates come down, and then you restart the economic engine,” he said. “And without the ability to take the fund rates down, it wasn’t clear how you were going to do that—but [the Fed] did.”
Barbera said as long as interest rates stay near zero and as long as investors continue to debate whether the economy is self-sustaining, there’s downward pressure on Treasury interest rates—and taking risks becomes more “enticing” for investors.
“And that is the nature of what easy money is about,” he said. “You keep the short rates low, and you try to get lenders back in to risky lending.”Vodpod videos no longer available.
Ecolean Makes Lightweight and Environmentally Friendly Drink Cartons
Ecolean is an eco-friendly, lightweight packaging solution. These beverage containers are an environmentally-conscious answer to the demands of the drink industry as well as the consumer’s desire for clever, contemporary parcels.
Made from part plastic and part chalk Ecolean’s lightweight packaging is thin and durable. It reduces waste and is also easier and more efficient to produce than traditional beverage cartons and milk bags.
When You Lose Your Keys This Device is the Answer
I have never lost my keys, but I imagine that all hell would break lose if I did. Seriously, losing your keys—especially if you live alone—would be a nightmare which is why knock-detecting door locks like this one are genius contraptions.
This Secret Knock-Detecting Door Lock by Steve Hoefer makes use of a personalized ‘secret knock.’ You simply thump out your secret knock and the sensor will recognize it (when you set it up it stores the timing and rhythm of your knock), and then unlock the door for you. Watch the video to see how knock-detecting door locks like this work (and maybe try building you own!).