Looking back over the past year the defining point for the markets was Federal Reserve Chairman Ben Bernanke’s missive in September. Asset prices peaked with Ben’s pronouncement. Animal spirits are now dissipating. The reversal eventually sent Municipal Bond prices to their high November 30th, along with my proclamation that Municipal Bonds were in bubble territory, heading for a big fall.
Posts Tagged ‘asset prices’
Debt Matters
The narrative of the financial crisis is only beginning to be written. Slowly but surely every one of us will be able to sum up the crisis in two words: Debt Matters. As the Federal Reserve continues its policy of buying treasury and mortgage bonds we can debate whether this will end the crisis or just end badly. We should however already be able to agree: Debt Matters. (more…)
Securities Offered Through Maplewood Investments, Inc., MEMBER FINRA, SIPC, FINRA's BrokerCheck.
©2024 by The Select Group. All Rights Reserved.
Strategic Branding and Creative Services by Murillo Design, Inc.
NEWS FEED
Tweetomatic error: Could not authenticate you.