Submitted by Tony Sagami via MauldinEconomics.com,
How long will interest rates stay low?
I expect the Fed to keep rates very low for a long, long time. After it raised rates in December, the Fed made it clear that future hikes will be gradual and data dependent. Apparently, the central bank hasn't changed its position:
A dark storm is brewing in the world of private pensions, and all hell could break loose when it finally hits.
Authored by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),
“Prepping” for Recession
Stocks are going up all over the world. Meanwhile, it appears to us that the U.S. economy is going down. Go figure.
For instance, a labor-market index created by Fed economists… and closely watched by Fed chief Janet Yellen… has fallen for three straight months. It’s the first time that’s happened since 2009.
Pride comes before the fall...
The Dow soared once again - why not - to its highest since June 2015 (when Fwd EPS was 1178 as opposed to 1120 currently)...
In a scene right out of Office Space, one week ago we read that TD Bank, the fourth-largest retail bank in Massachusetts, was pulling out its coin-counting equipment for "servicing" following reports that the machines were short-changing customers who came in to exchange their nickels and pennies for bills. As a recent NBC’s Today show revealed when it tested several coin counting machines, it found that TD’s Penny Arcades weren’t accurate. In one case, the bank’s machine gave $43 less than the change deposited.