Federal Reserve
Yesterday, in a widely anticipated move, the U.S. Federal Reserve reduced interest rates one more time -- by one quarter point to two percent. Wednesday was the seventh consecutive interest rate cut by the Fed. The big surprise for investors yesterday? The Fed said that inflation "expectations" have…
I have a feeling that last Thursday, as long-term investors braced for the weekend, speculators rushed to accumulate as many shorts as possible that same afternoon. Sure enough, things went well overnight, with sinking Asian markets calling for yet another disastrous trading day in North America, perhaps of…
I know Michael already discussed Federal Reserve Chairman Alan Greenspan's recent speech to the National Association for Business Economics, but there's more to the story that I want to tell today. New research, conducted under the supervision of America's favorite 79-year-old financial talking head, shows that Americans are…