To the disappointment of many on Wall Street, and to the relief of many in the real world, the Federal Reserve Board did not announce a third quantitative easing program…
The Fed and Facebook
On the surface, The Federal Reserve Board and Facebook have nothing in common. But media speculation about Fed action is very similar to the speculation that preceded Facebook’s IPO. For…
Stock Rally Built On Wishful Thinking
“This is the most disrespected rally I’ve ever seen.” John Buckingham, Al Frank Asset Management Stock prices have rallied and are closing in on their highest level in five years. …
Is Everybody Happy?
Forget about growth in GDP, the unemployment rate, inflation, stock prices and all things relevant to money. Federal reserve Chairman Ben Bernanke suggested this week that happiness should be used…
French Tax Policy: One For You, Three For Me
French President Francois Hollande’s proposal to take three quarters of the money earned by France’s wealthiest earners is bound to create an economic boost – for Belgium, Germany and other…
Dog Days Not So Slow
Another near-miss “flash crash,” more European craziness, buzz about more action from The Federal Reserve Board and a stock market that rises along with the unemployment rate … who says…