GDP Growth Isn’t the Same Thing as Economic Growth
To gain insight into the state of an economy, most financial experts and commentators rely on a statistic called the Gross Domestic Product (GDP). The GDP framework looks at the…
Stock Prices | A Battle Between Optimism and Pessimism
The battle between optimism and pessimism is playing out in full regalia. After falling about 5.9% last week, the S&P500 rocketed 2.7% higher yesterday, putting in the best one-day performance in…
Fed Statement & Its Impact on Our View of Interest Rates & the US Dollar
The Federal Reserve had a meeting and issued a statement yesterday. We did not learn very much, but we did learn that the Fed has finally stated that the economy…
The FED Does Not Set Interest Rates & Is Not Data Dependent
If you listen to the investment strategists, fixed-income specialists, financial press, politicians, and employees of the Federal Reserve System, you would think that interest rates are under control of the…