It's probably hard for most people to understand 25 years ago the Federal Reserve was quite secretive and didn't have the sole (perceived) focus of keeping the stock market afloat. Then in 1998, the Federal Reserve decided to bailout a handful of Wall Street banks who were overexposed to a
While the weather in most of the country doesn't feel like it, fall is just around the corner. Other than the northeastern part of the country, most of the country has been back in school for at least two weeks, yet Labor Day still seems to mark the "end of
Talk about conflicting data points. Two weeks ago the data told us we just had our second consecutive decline in economic output (which used to be how we defined a recession). Last week, we learned the labor market fully recovered all of the jobs lost during the short pandemic recession.
Last week was a roller coaster that required nearly nightly updates to the Monday Morning Musings. This was mostly due to the angst and uncertainty over the Fed meeting. With the 2%+ move off the lows in the last hour on Friday, the S&P 500 eked out a
The Federal Reserve announced on Wednesday they were accelerating the pace of the tapering of their Quantitative Easing program. While markets were on edge after some shaky press conferences in prior months, this was already telegraphed in Congressional testimony at the end of November. Back then the markets initially panicked,
