So much for the much ballyhooed stability of the equity markets! The Dow Jones Industrial Average dropped more than 394 points on Friday, losing 2% of value against the prior session. It was an across the board drop, with the S&P 500 and the Nasdaq Composite Index...
During a high-level meeting in Jackson Hole, Wyoming, a week and a half ago, U.S. Federal Reserve Chair Janet Yellen gave the mainstream media the sound bite they were looking for. The economy (in her mind) was chugging along, and the labor market was for many months...
Finally, gold is on the move. After the FOMC announcement on Wednesday, gold and bonds got a ‘safe haven’ bid. It appears investors were not really amused with the speech of Mrs. Yellen. From a long term perspective, gold did what it had to do: bounce from...
Perhaps good news may be bad news after all. At a time when global financial markets seldom follow logical pathways, one counterintuitive message may ring true. The U.S. Federal Reserve has been promising — some might pessimistically say threatening — to...
The recent announcement made by U.S. Federal Reserve chair Janet Yellen that certain metrics within the American economy do not yet justify an interest rate hike may be lauded by blue chip equity bulls, but it’s hardly the news that anyone with a bare minimum of...
Quite contrary to the real fundamentals of the economy, the U.S. dollar — the king of the global fiat monetary system — shot up to record highs (or quite close to it) against a basket of international currencies, including the Brazilian real, Mexican peso,...