Yesterday, Janet Yellen gave her first post-FOMC meeting press conference. In her prepared statement, she stated exactly what was already expected: 1) accommodative policy will remain in place for a …
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“… while the focus has most recently been on Crimea, eastern Ukraine is expected to be the next hotspot, with the action centring on Donetsk, the regional capital of the …
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Econintersect:Â The Federal Reserve Board released the results of the annual stress tests of the 30 largest U.S. banks to assess how well each was prepared to weather either a …
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“Markets are distorted,” was the message Citi’s Matt King implored investors to comprehend in his latest missive, and it appears speculators are growing disillusioned with their ‘faith’ in markets one asset-class at a …
Read More Many assume that a stock market’s direction depends on an economy’s well-being. It does not. In fact, a meaningful correlation between stocks and gross domestic product does not exist. Why, …
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Or Why Is Unemployment Falling Along With the Labour Participation Rate? The pat answer from learned economists is that this is ‘the new normal,’ and ‘structural.’  It is all part …
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“Some animals are more equal than others.†George Orwell The economic news this morning was ‘better than expected.’ A frog in a pot full of water on the stove can …
Read More Suppose the Fed was actually little more than a collection of incompetents trapped in a broken system that is beyond repair. For a variety of reasons, the Federal Reserve is …
Read More Today’s market provided a familiar drama for FOMC Wednesdays. The S&P 500 traded in a narrow range from the opening bell to the 2 PM release of the latest FOMC …
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The Chart of the Day is Texas Capital Bancshares (TCBI). I found the stock by sorting the All Time High list for new high frequency in the last month, then skipped the stocks that …
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