Tag Archives: federal reserve
European Money Printing: What Could Possibly Go Wrong?
Last Friday, while many were off for Veteran’s Day, we put in a day at the office, belaboring things portentous to our clients…and by extension ourselves. Nonetheless, we paused a moment to consider the ‘all quiet on the western front’ … Continue reading
Making the Impossible Possible
This week brought new evidence, not necessarily that the stock market efficiently allocates capital to its most productive use, but that it effectively separates fools from their money. The fool gives…Wall Street takes away. In other words, the house always … Continue reading
Bringing About Our Own Special Misery
Consumer confidence laid a rotten egg in October. The Conference Board’s index of consumer sentiment was reported Wednesday at 39.8…its lowest reading since March of 2009. To put this in perspective, during a robust economy, consumer confidence readings are at … Continue reading
The Wrath of Inflation
The U.S. Bureau of Labor Statistics reported on Wednesday that inflation, as measured by the Consumer Price Index, increased 0.3 percent in September. Increases in energy and food prices were the main contributors to the rise. On an annualized basis, … Continue reading
