Good news. The economy still stinks. In today’s economy, which is driven by The Federal Reserve Board’s quantitative easing (QE) program, bad news is good news and good news is…
Market Reaction To Comments Reflects Market Efficiency
It’s worth keeping the efficient market hypothesis in mind when considering the impact of Fed Chairman Ben Bernanke’s announcement this week that bond buying will be coming to an end.…
Swinging Markets Ahead
Volatility is back in a big way. It’s back not only in the stock market, but in the bond market. It’s back not only in the U.S., but in China,…
The Second Housing Bubble
“Demand is artificially high … and supply is artificially low.” …
Financial Tsunami
In a recent post, we speculated about what would happen when quantitative easing finally ends. This week we got a glimpse. After Federal Reserve Chairman Ben S. Bernanke said that…
Forever Blowing Bubbles
“I’m forever blowing bubbles, Pretty bubbles in the air They fly so high, nearly reach the sky And like my dreams they fade and die.” …
Ben, the Great and Powerful
“Bernanke said, in essence, that he wasn’t a magician.” …
Europe – The Weakest Link
With the election, sequestration showdown and other pressing domestic news, we’ve hardly had time to think about Europe. Yet the continent is as troubled as ever and is crying out…
The Incredible Shrinking Economy
Only in today’s America would a shrinking economy cause the stock market to rise. The federal government reported this week that the U.S. economy contracted by -0.1% in the last…
The End of QE?
The Fed’s quantitative easing program has been like that endless tub of popcorn or vat of soda that those with large appetites buy at the theater. It goes on and…