Tag Archives: QE3

Providence Is With Us

Posted on September 7, 2012 by MN Gordon

Yesterday European Central Bank President Mario Draghi announced what could be an unlimited bond buying program to save the euro.  Later in the day, after running up 28 points, the S&P 500 closed at its highest level since before Lehman … Continue reading →

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The Clever Fellows of Jackson Hole

Posted on August 31, 2012 by MN Gordon

The cony-catchers assembling in Jackson Hole, Wyoming, believe the darnedest things.  They think they can decide the price of the economy’s most important component – its money – better than the market can.  Moreover, by low-balling the price of money … Continue reading →

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The Fed’s Hands are Tied, For Now

Posted on August 21, 2012 by MN Gordon

The stock market’s on a six week win streak.  What’s more, from June 4 through last Friday the DOW’s up 9.7-percent.  Can you believe it? We thought the stock market would meltdown this summer like Charlie Sheen following a weekend … Continue reading →

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Money Games

Posted on June 22, 2012 by MN Gordon

After much anticipation and hoopla, Fed Chairman Bernanke made his post FOMC meeting utterances on Wednesday.  In short: No QE3, for now.  More Operation Twist. Markets didn’t know what to make of it.  Initially they rose on the announcement.  The … Continue reading →

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