Stocks sold off last week, but the sell-off had nothing to do with the presidential election – and everything to do with the establishment.
A new warning sign is flashing now, reaching levels not seen since 2008 and indicating the credit markets are in trouble.
By my count, there are no less than 180 currencies circulating as legal tender in the world today. There are several dozen alternative and digital currencies in play, although how useful they are remains debatable.
With all eyes turned to the presidential election, another vote is slipping under the radar.
Some central bankers are copping to their failures, but the damage is done.
The first presidential debate made it clear Clinton Trump don’t understand today’s markets.
After DB stock fell below $12 this week, our readers cleaned up 166%. It’s not too late to play Deutsche Bank’s fall.
The Fed’s every move is just causing more and more harm to the economy and market. There’s a lack of political and moral courage to raise interest rates.
What a shock – the Fed didn’t raise interest rates last week. Its next chance is in December – we’ll see if it chickens out then, too.
Volatility finally visited the stock market last week after the dullest summer in two decades as the hydra-headed Federal Reserve played Hamlet regarding its intentions regarding interest rates.
That description of the increasingly feckless Fed may constitute a mixed metaphor, but that is a small sin compared to the damage the group of former tenured economics professors are inflicting on the US economy with their policies.