The Dow Jones today (Wednesday) lost 0.08% to close at 16,501.65. The Standard and Poor’s 500 Index and the Nasdaq Composite were both unable to deliver a seventh consecutive winning session. The S&P dropped 0.22% to close at 1,875.39, while the Nasdaq fell 0.83% to finish at 4,126.97.
In spectacular fashion, markets did say “enough” in Japan last week. Yet, interest rates did not move. Recall “important qualification coming” in the paragraph above. On Monday, April 14, 2014, and, into Tuesday, April 15, 2014, there was not a single bid for the Japanese 10-year bond.
A few weeks ago, I told you a story about a woman who took my advice and used it to overcome her fear of investing.
As it turns out, it was an incredibly popular column.
Former Chairman Ben Bernanke doesn’t regret much about the Fed’s actions since the financial crisis. But there’s one thing he does regret, he says: he didn’t explain the Fed’s actions to the American people. If he just could have explained his “wealth effect!”
This is how empires collapse: one complicit participant at a time.Before an empire collapses, it first erodes from within. The collapse may appear sudden, but the processes of internal rot hollowed out the resilience, resolve, purpose and vitality…
What would have been a demented propagandist’s flight of fancy a decade ago has become reality: For the first time in history, the US imports more oil from our dear and reliable neighbor Canada than from OPEC. With major consequences.