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I gotta admit – the markets almost had me! It looked like the Dollar was never going to turn around. And then QE2 was announced, which obviously could ONLY be bearish for the dollar, and ONLY bullish for stock prices. Not to mention the metals, which were sure to do moonshots in short order. A […]
While individual investors are as bullish as they’ve been in over a year – no doubt buoyed by the price action of the S&P – the Fed appears to be quite worried about a host of things. You know – deflation, high unemployment, the moribund economy – stuff only a real worrywart would care about. […]
In a speech laden with true indecisive “economist-speak”, Fed chairman Bernanke headlined his performance from Jackson Hole with assurance that the Fed “will do all that it can” to keep the economic “recovery” (sarcastic quotes mine) rolling. From Bloomberg: Federal Reserve Chairman Ben S. Bernanke said the U.S. central bank “will do all that it can” […]
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