You think the world’s changing fast? You have no idea. Watch this mind-blowing video then continue reading: My good friend who sent me this link added the following comment; “this sure puts things into perspective – though it’s too big to grasp (at least for my tiny little human brain)”. Which is interesting because this [...]
The Fed stepped in after hours yesterday and bumped the now-days-neglected discount window (the facility whereby the Fed acts as lender of last resort) rate by a quarter of one percent, putting it at .75%. Yesterday the Producer Price Index came in sharply higher than economists had expected – I believe they felt a symbolic [...]
Nothing to fear… “We have nothing to fear but fear itself”, Franklin D. Roosevelt. FDR saw fit to inspire Americans to rise above their fear during the Great Depression. “We have nothing to fear but not fearing”*. Larry Summers (2008). The Director of the White House’s National Economic Council saw fit to inspire Americans to [...]
Whom Do You Believe? A hedge fund manager named Zook tells CNBC that he’s “net short the stock market in a substantial way”, then makes his case as to why the market’s going south over the next few months. He states with great conviction that earnings will wane in the 2nd quarter and that there [...]
Can you imagine what it must have felt like to live in New Orleans during the first post-Katrina rainstorm? Or how the Haitian people will feel, for generations to come, every time the earth delivers even the slightest quiver? As I proffer this missive, the stock market is a stone’s throw away from official correction [...]
The New Year’s off to a great start. Oil prices are down (great for the consumer and for businesses), interest rates are lower (great for the economy), GDP is up (we’re out of the recession), Q4 earnings have come in very good (companies are out of the woods), 2010 guidance has been very positive (good [...]
