Tag Archives: S&P500
Get Ready for a Massive Stock Market Selloff
On Tuesday, Federal Reserve Chairman Ben Bernanke’s made his semiannual monetary policy testimony before the Senate Banking Committee. Washington and Wall Street wanted QE3. Bernanke demurred. Following the testimony, Senator Chuck Schumer told Federal Reserve Chairman Ben Bernanke to “get … Continue reading
How to Invest in a Declining Economy
Despite enormous monetary and fiscal stimulus efforts, the world economy continues to trudge along like a weary pack mule. Most European countries are in recession, the United States is growing at just 1.9 percent, and, from what we gather, China’s … Continue reading
The Consequences of Lard
The Labor Department reported last Friday that consumer prices increased 0.3 percent in March. More importantly, however, when adjusting for the increase in prices, worker earnings fell 0.4 percent during the month. What this means is that wage earners are … Continue reading
Monetary Policy, Explained
Minutes from the March 13 Federal Open Market Committee meeting were released Tuesday afternoon. Upon perusing the record of proceedings, Wall Street was shocked to discover there was no discussion of monetary easing options. Traders promptly sold. Then, on Wednesday, … Continue reading
