Endless debates about the effectiveness of QE, or its lack thereof, haven’t spawned better decisions, especially in Europe. Think periphery nations like Greece, Spain, Portugal, and Italy.
“The Secret Recordings of Carmen Segarra” was broadcast on NPR‘s “This American Life” on Sept. 26. Carmen Segarra, a former Fed examiner in the bowels of Goldman Sachs Group Inc. (NYSE: GS), secretly recorded some of the goings-on there.
As I mentioned over the weekend, the month of September ended with two dramatically different exits: The Hollywood ending of Yankee Captain Derek Jeter’s Hall of Fame 20-year career, and the acrimonious departure of Bill Gross from PIMCO, the firm he founded 43 years ago.
Crude oil prices tanked more than 3% today (Tuesday)
In theory, we have free markets, where manipulation is illegal and punishable.
We’ve found that’s not often the case in the financial markets.
There is a lot of lip service being paid to the upcoming stock market crash that we’re supposed to expect once the Federal Reserve starts raising rates.
Every time we get close to a regularly scheduled Federal Reserve statement, financial pundits pontificate about the nuances of what the Fed Chair might say, not say, or imply.