Posted by Leonard Steinberg on September 18th, 2013 This week, five years ago, the global financial crisis reached a fever pitch with the collapse of Lehman Brothers. Today the U.S. Federal Reserve is expected to begin its long retreat from ultra-easy monetary policy by announcing a small reduction in its bond buying, while stressing that interest… [Read More]
IS JANET YELLEN THE FED CHAIRMAN CANDIDATE OF CONTINUITY?
Posted by Leonard Steinberg on December 15th, 2013 Is the important question of who the next Fed chief will be on the ‘unknowns’ checklist item about to be answered? It appears so: Stock index futures soared this morning as investors bet that Larry Summers withdrawal as a candidate for the chairman of the Federal Reserve could mean… [Read More]