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This week a few influential countries came up with a chip to “chip in” to the crisis in Europe. The agreement by the Bank of England, our own Fed, the Bank of Canada, the Swiss Bank, the Bank of Japan, … Continue reading
How many Euro-salvation plans have been put forth by now? More than fifty? More than one hundred? I am not sure, but I can tell you that the latest plan will fail too, because Europe’s politicians remain one or two … Continue reading
Remember the dance called the Twist? Basically the twist is done swiveling around one’s hips, with feet pointing one way and shoulders the other. Watching the Euro zone action has been like watching a twist competition. One part of the … Continue reading
For several years leading up to 2011, investors were assuming that inflation would carry interest rates in the US sky high as our government dealt with the credit crisis. The Fed’s “open spigot” strategy, keeping the money taps flowing, and … Continue reading
This October, despite a nasty end to trading on the 31st, was one of the best months on record for the stock market since 1926. The Dow was up 9.5%, its strongest showing since October 2002. The Standard & Poor’s … Continue reading