The Fed IS the Problem

The result of the Federal Reserve’s serial market interventions is that they are now competing with the private sector (via Bloomberg):  “No one wants to lend because they are still wary of values of bank balance sheets, and no one wants to borrow from the money market because they can borrow directly from the central banks,” said Alessandro Tentori, .. read more

September Market Report – Government to the Rescue

Note: This update is longer than usual. I feel it is important for everyone to understand how the problems facing our economy developed and what steps are being taken to correct them. The details of the latest government rescue effort are not completely available yet, so it is hard to predict the outcome, but it .. read more