Since 2008, the Federal Reserve has reached beyond the traditional tools of monetary policy in an effort to fulfill its’ dual mandate of achieving maximum employment and stable prices. Most recently, the Federal Reserve introduced a third round of quantitative easing, purchasing a combination of $85 …
economy
Warning: The Market is NOT the Economy
I love drug commercials. Actually, it's the composition of the commercials that I love. If a commercial lasts 1 minute - the first 25 seconds will show an attractive couple dancing freely and breathing clearly in a gorgeous, green prairie field. As the couple continues their dance, the latter 35 …
The Middle Class Squeeze
"Everyone wants to believe they are middle class...But this eagerness...has led the definition to be stretched like a bungee cord — used to defend/attack/describe everything...The Drum Major Institute...places the range for middle class at individuals making between $25,000 and $100,000 a year. Ah …
Market Update: Snowboarding on the Stock Market
When Burton first introduced snowboards back in the 80's, they were for lack of a better term, runaway death machines. They did not have metal edges and were very hard to control, especially in less than ideal conditions. Unfortunately for this author and the timeliness of my birth aside, my …
QE3
Link: QE3 Quantitative Easing Explained …
What Affects Mortgage Rates?
We’ve had our fair share of bad news recently. Earthquakes, tsunamis, lockouts, rioting. Since it’s a crisp 82 degrees in sunny Charlotte NC, I’m finding it hard to report anything negative. I previously mentioned how investors are fleeing stocks and entering the bond market (I don’t expect this to …
