Authored by Stephen McBride via MauldinEconomics.com,
The Fed’s hope was that quantitative easing would stimulate economic growth. But a former senior economist for the Fed believes it has done the exact opposite.
Perhaps impacted by Amazon's Whole Foods' deal, Blue Apron just priced its IPO at $10 (30 million shares).
Blue Apron Holdings #IPO - $APRN $IPO priced 30mm shares at a price of $10.00, and will debut tomorrow (6/29).
— IPO Boutique (@IPOBoutique) June 28, 2017
One week after the Fed found that all 33 US major banks have passed the stress test and would survive even a surge in the VIX to 70, moments ago the Fed released the details of the second part of the stress test - the capital distribution to shareholders - where as expected, it also had no complaints to any bank's capital plans except to advise Capital One, the troubled credit card lender with the rising bad loan problem, to resubmit its plan.
