Fed Chair Janet Yellen spoke in Jackson Hole, Wyoming. Shah Gilani guessed what she might say. Here’s why that’s important.
The Fed’s low interest rates are killing savers and retirees, costing them more than $470 billion in interest income.
This didn’t exactly make the news, but in July, Fidelity Investments walked out of meeting on good corporate governance with financial chieftains, including Berkshire Hathaway’s Warren Buffett, BlackRock’s Larry Fink, and JPMorgan Chase’s Jamie Dimon.
Repairing the damage the Fed’s schemes have inflicted on free markets will require replacing it altogether.
The Hazelden Betty Ford Foundation, which ought to know a thing or two about behavioral disorders, once defined insanity as “doing the same thing over and over again and expecting a different result.”
Since its inception, the Fed has ruined not just the U.S. economy, but also democracy.
Perhaps more important than who wins the presidency is who will be the next chair of the Federal Reserve.
The official GOP party platform would see Glass-Steagall reinstated.But that’s really just a joke.
Big banks almost all reported Q2 earnings beats, and their shares look like downright bargains.
This is a syndicated repost courtesy of Money Morning – We Make Investing Profitable. To view original, click here. Reposted with permission. There’s no stopping the madness of crowds, and that can be quite rewarding for us. Equity markets are acting like “nothing matters and what if it did?” That’s flat-out dangerous for buy-and-hold investors,…