Federal Reserve Chairman Ben Bernanke kicked off Year Six of the Financial Crisis by announcing a mortgage bond buyback scheme dubbed historic as the Fed is now focused on the employment woes of the nation. Will it work? One only need look as far as a Federal Reserve Bank president, Charles Plosser, to find a cogent critic. Thank goodness this is America and one can voice dissent. (more…)
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Posts Tagged ‘economy’
Another Milestone Crossed
Summer is in full swing and things are heating up. Oil prices, any way you measure them, are down thirty percent from their highs in March. The last time oil fell thirty percent, the S&P promptly lost fifty percent of its market value in less than eight months. The narrative is not important. Keeping your assets safe and intact amidst the growing storm is our goal. (more…)
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