QE Risks are Substantial
It's time for the Fed to take away the punch bowl. As Martin Feldstein writes in today's Wall Street Journal:
The Federal Reserve should begin...
The Hubris of the Bernanke Fed
The hubris of the Bernanke Fed is more astonishing with each passing day. As The Wall Street Journal reports:
Fed officials on Thursday echoed their...
Dudley Unleashed: Catching a Tiger by the Tail
At a presentation billed as a speech on whether or not recent college graduates are finding good jobs, New York Federal Reserve Bank President...
Central Bank of Central Banks Says it’s Time to End QE
In its recent annual report, the Bank for International Settlements (BIS) slammed the world’s major (and minor) central banks for their profligate monetary policies...
Bond Funds’ Biggest Losers
Closed-end bonds funds have taken a huge hit recently. Leverage can be a killer when rates go up. As Tom Lauricella at The Wall...
Why You Should Beware Bond ETFs
Recent market volatility has been jarring for some investors. The volatility has whacked bond ETFs particularly hard. Last week bond ETFs sold off sharply...
Entrepreneurs from Developing Markets Lead the Field in Wealth Accumulation
In 1989 only 21% of the people on the Sunday Times Rich List had made their money themselves, the rest were heirs to great...
Bond Market Takes a Hit
The yield on 10-year Greek bonds were 10% last week. That’s 2% points higher than they were on May 22. Remember, bond prices fall...
United States vs. the World
During the collapse of 2008 and through the rebound of 2009 U.S. markets and foreign markets closely tracked one another. But toward the end...
The Emperor Has No Clothes: Markets Abandon the Fed
It would seem that the emperor has no clothes. In the last few weeks, markets have begun to act as though they no longer...