I remember the late winter storm in 1994 that hit the entire East Coast from Florida to Maine. It dumped more snow on Atlanta than we have seen since and was deemed the “Storm of The Century.” In the next six years I believe there were three or four more “storms of the century” or…
Sometimes we forget how much wisdom there is in the classic children’s stories. Consider Aesop’s Fable “The Boy Who Cried Wolf.” The first time he cries wolf everyone comes running, worried about the wolf attacking the sheep. The second time much the same and so on, until people finally get tired of all the false…
The stock market has been down four whole days in a row and media is all abuzz. Interest rates are on the rise as market participants continue to worry about the Fed’s tapering off of quantitative easing. The rate on the ten-year Treasury has now gone from 1.5 percent to 2.8 percent. That is a…
Ben Bernanke has spoken again, this time to clarify that he did in fact say “if:” The Fed will begin tapering if the economy continues to improve. Markets are up across the globe, because improvement doesn’t seem all that probable as we continue to slog along at a now less than a 2 percent pace…
Ben Bernanke announced yesterday that the Federal Reserve (Fed) sees improvement in the economy and that if (and this is a big if) improvement continues, the Fed will begin tapering (not stopping and certainly not reversing) its bond-buying program known as quantitative easing or QE3. The reaction: stocks down more than a percent in the…
