Economy

Federal Reserve’s Balance Sheet Troubles

Federal Reserve’s Balance Sheet Troubles

Does anybody know why the Federal Reserve is having such a hard time reducing the amount of mortgage-backed securities (MBS) on its balance sheet? Seven months into a plan where $36 billion should have been shrunk only $14 billion has been reduced. (The Federal...

DOL Fiduciary Rule Timeline & Updates

DOL Fiduciary Rule Timeline & Updates

The 5th Circuit Court of Appeals ruled on March 15, 2018, that the Department of Labor overstepped its bounds in creating the so-called fiduciary rule, parts of which went into effect last year. In general, the rule required that advisors and brokers charge clients...

Is the U.S. Economy Really Getting Better?

Is the U.S. Economy Really Getting Better?

Mark Twain supposedly said, “If you don’t read the newspaper, you are uninformed. If you do read the newspaper, you are misinformed.” (I’m not sure what he would say about my magazine articles.) Anyone reading today’s financial press would think the U.S. economy is...

Ex-Fed Chief Greenspan’s Bond Bubble Warning

Ex-Fed Chief Greenspan’s Bond Bubble Warning

Add ex-Federal Reserve Chairman Alan Greenspan to the list of experts warning about a bond market bubble. Speaking in late July to Bloomberg News, Greenspan warned, "Equity bears hunting for excess in the stock market might be better off worrying about bond prices…...

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