Authored by 720Global's Michael Lebowitz via RealInvestmentAdvice.com,
“Are you kidding? Are you kidding? No one knows what you’re doing.”
– Economist John Taylor in response to William Dudley’s (President Federal Reserve Bank of New York, Vice Chairman of the Federal Open Market Committee) comment that the Federal Reserve (Fed) has been very clear in their discussions about monetary policy.
Authored by Craig Wilson via The Daily Reckoning,
Jim Rickards joined Boom Bust and host Lindsay France to discuss the latest monetary policy moves from the Federal Reserve.
Authored by Duane Norman via Free Market Shooter blog,
In spite of low volumes, US stock markets made fresh all-time highs today:
The Dow Jones industrial average rose about 140 points and hit intraday and closing records, surpassing a previous all-time high of 21,391.97, which was set last week.
As noted yesterday, Bloomberg trading commentator Richard Breslow refuses to jump on the bandwagon that the Fed is hiking right into the next policy mistake. In fact, he is pretty much convinced that Yellen did the right thing... she just needs some help from future inflationary print (which will be difficult, more on that shortly), from the dollar (which needs to rise), and from the yield curve.