Do world stock markets believe Congress is just offering up some Halloween excitement? Last week, they responded to the government shutdown in the United States and the possibility the U.S. might default on its debt for the first time ever with the bravado of teenagers standing in line for a haunted house. Markets around the… Click for more / Podcast Player>
“So much depends / upon / a red wheel / barrow / glazed with rain / water / beside the white / chickens.” Well, the U.S. Federal Reserve’s monetary policy is a lot more complex than the simple tools mentioned in the oft-memorized William Carlos Williams’ poem, The Red Wheelbarrow, but an awful lot is… Click for more / Podcast Player>
You say to-may-to. I say to-mah-to. You have to be a careful reader to keep up with the Federal Reserve these days. Last week, the Fed re-characterized the pace of economic growth in the United States from ‘moderate’ to ‘modest.’ According to Wall Street Journal blog, Real Time Economics, “economic data show that ‘modest’ is… Click for more / Podcast Player>
Like a funhouse mirror, investors’ concerns about whether and when the Federal Reserve will begin to end its quantitative easing program contorted market responses to economic news last week. Unexceptional economic reports were treated as good news and pushed stock markets higher; strong economic reports were treated as bad news and pushed stock markets lower.… Click for more / Podcast Player>
Much like elementary school children trying to capture the attention of someone they have a crush on, the American economy sent lots of mixed signals last week. Conflicting reports emerged about consumer sentiment during the week. The Conference Board, a non-profit research organization, reported consumers remained somewhat pessimistic about the direction of the economy. In… Click for more / Podcast Player>