Interest Rates in Sudden, Full Reverse

Federal Reserve Chairman Signals Change in Policy Jerome Powell has only been on the job as the new Federal Reserve Chairman since February, but has already created substantial controversy.  Powell’s Fed has raised the “Federal Funds” rate 3 times in 6 months.  Until recently, the Fed was signalling another rate hike in December and up […]

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Stock Markets Bracing For Recession?

Bull Vs. Bear Debate Continues. As the major stock market indexes plunged during most of October, fear began to grip Wall Street.  On October 29th, the intraday trading range for the stodgy Dow Jones Industrial Average was nearly 1000 points.  The lows lasted a fraction of a second, however. Within the next 24 hours, the […]

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Peekaboo Inflation: Now You See It, Now You Don’t.

Signs of Inflation Rapidly Vanish. For the 12 months ended September, 2018, the Consumer Price Index (CPI) was reported to be increasing at an annual rate of 2.3% (https://www.bls.gov/cpi/).  The CPI is the “official” measure of how much more it costs an individual each year to maintain a consistent standard of living. Unfortunately, the CPI […]

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