To QE3 or not to QE3? That is the question the Federal Reserve Board has been pondering for months … or at least Fed observers think it’s being pondered. But,…
Bad News Boosts the Market
In the strange world of investment management, bad news is often good news. That was the case last week, as the S&P 500 gained a hefty 3.7%, more than reversing…
QE2: Will Investors Buy Higher Prices?
The chief role of the Federal Reserve used to be to fight inflation. It was a role the Fed played well, generally holding inflation in check since the 1980s. With…
A Sign of Rising Interest Rates?
The U.S. Federal Reserve surprised the market last week by raising the U.S. discount rate by a quarter of a point (0.25%). Fed Chairman Ben Bernanke insists the rate hike…