Why didn’t we think of this? For years, we’ve been criticizing the Federal Reserve Board for buying too many bonds, keeping interest rates too low, boring us with talk about…
Prozac Nation
It’s all stress-free bliss these days … at least for anyone who’s not paying attention. Has someone been putting anti-depressants in the water supply? That’s one way to explain Wednesday’s…
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.” …
Blame It on Sequestration
President Obama and the Federal Aviation Administration blamed recent flight delays on sequestration. Now the Federal Reserve Board’s Open Market Committee is blaming sequestration for the poor performance of the…
It’s A Correction for Nasdaq, Russell Indexes
Stock markets have become increasingly bearish since the election. With the fiscal cliff approaching, and little confidence that Democrats and Republicans will agree on a solution to avoid it, the…
Consumers Might Spend – If They Had Any Money
Bond buying will pump money into the economy and reduce long-term interest rates, which are already at historic lows. Theoretically, this will give consumers a greater incentive to spend their…
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…
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…
Pretzel Logic
When Fed Chairman Ben Bernanke said recently that he did not expect The Fed to initiate any additional monetary stimulus, apparently stock traders weren’t listening. The recent run-up in stock…