On any given day, Janet Yellen is busy squinting at 19 essentially meaningless labor market graphs on her “dashboard” looking for evidence that ZIRP is working. Well, after 71 months of zero money market rates—-an unprecedented financial absurdity—-there are plenty of footprints
November 19, 2014
Written by Gary Afternoon trading was, again, more or less sideways and within a narrow zone except for the FOMC minutes release. The averages went up fractionally, then down and finally back up to where they were prior to the report.
Stocks were under pressure much of the day. There were more technical than fundamental reasons for the trades. Stocks are at a key juncture. The behavior of the Fed may be looked at by future historians as so bad as
The FOMC minutes were not very surprising. The FOMC is not in any hurry to raise interest rates before the middle of next year at the earliest. The FOMC statement did not drop the “considerable period” phraseology to describe the
While 49 state treasuries were submerged in red ink after the 2008 financial crash, one state’s bank outperformed all others and actually launched an economy-shifting new industry. So reports the Wall Street Journal this week, discussing the Bank of North Dakota
Merrimack Pharmaceuticals (MACK) reported news today that the company had received FDA Fast Track Status for its its investigational drug for Pancreatic cancer which it calls MM-398. When the FDA grants Fast Track Status it allows the company to submit
Kitco News spoke with Peter Schiff at the Grand Cayman Liberty Forum about the gold market. They covered the gamut, from the economic fundamentals for gold’s next price rise to the Swiss gold referendum at the end of the month.
This blog is late because of too many conference calls, but at least most of the news was good. My round-the-world summary in Monday was mostly gloomy. The problems of at least two of our shares turn out to be
Source: Wikimedia Dear Diary, Want to know the secret of success in today’s civilized world? Be civilized. More on that in one moment… First, we note that the Dow hit a new record high yesterday of 17,688, after rising 40 points.
In a recent interview with my friend Tom Zizka at Fox26 News, we discussed the recent election and the view by voters that the economy may not be as strong as statistical headlines suggest. During the interview Tom references a post
