Just about everyone knows Alan Greenspan. As central bankers go, he may just be the most famous ever. Even today, 1 in 6 Americans still think he’s the current chair of the Federal Reserve. As Fed chief from 1987 until 2006, Greenspan oversaw the latter part of the greatest stock bull in history. For that, some […]
Warren Buffett famously said at the height of the financial crisis that you only know who’s been swimming naked when the tide goes out.
Unfortunately for him and his shareholders at Berkshire Hathaway Inc. (BRK.A, BRK.B), it appears that one of the Sage of Omaha’s biggest holdings, International Business Machines Corp. (NYSE: IBM), has been skinny dipping for a long time.
That was quick!
Shrugging aside concerns that a week ago sent markets reeling to near correction territory, all major indices bounced back strongly this week and made it seem as though the October 15 panic never happened…
The post Learning How to Di…
Investors are taught that bear markets can’t occur unless the Treasury yield curve inverts – that is, unless short-term interest rates are higher than long-term interest rates.
And that can only happen if the Federal Reserve raises the Federal Funds rate, which is the short-term rate that the Fed controls.
But that measure may be off the mark this time, and here’s why…
With a lot of variables in play during this earnings season, it’s time to separate out the components.
The long overdue stock market correction continued this week as a European growth scare was compounded by fears about the potential spread of Ebola to send the markets lower.
The current downdraft in stock prices has understandably set the happy faces on CNBC running for cover as they try to figure out what went wrong.
On Oct. 1, Saudi Aramco, the state-run oil producer of the world’s biggest exporter, cut prices for all its exports, reducing prices for Asia to the lowest level since 2008.
Ben Bernanke began his tenure as Chairman of the Federal Reserve Board just as the housing bubble was peaking in February 2006.