Federal Reserve officials anticipate economic contraction in the first half of 2008. Recently, Chairman Bernanke invoked rarely used authority to provide emergency financing for investment banks. Fed officials sought to limit the broad economic impact of what former Fed Chairman Alan Greenspan terms the worst credit crisis in 50 years. Central bankers cut the benchmark […]
So what happened at the end of February; China, Greenspan, subprime? Volatility, not seen since May and June 2006, hit the equity, commodity, and bond markets at the end of the month.
- The Chinese equity markets fell a precipitous 9% on February 27
- Alan Greenspan, at a Hong Kong conference, speculated a US recession in 2007
- Investors feared […]
We anticipate slow positive economic growth for the US economy. Although industrial and consumer spending is still increasing, the rate of growth is decreasing. On the consumer side, Thanksgiving weekend holiday shopping presented a mixed bag of news as people sought bargains, especially on flat panel and high definition TVs. Thus, retail sales numbers looked […]
Welcome to 2006! January was a good month for most markets.
Several waves are propping a general tide of positive sentiment:
- Market Optimism over the swearing in of Bernanke as the new Fed chief on February 1
- Positive corporate earnings reports
Simultaneously, however, investor optimism is being tempered by:
- Weak fourth-quarter GDP growth of 1.1%
- Thought that the cumulative impact […]
October has brought many economic and social issues to attention, including evidence of inflation in a seemingly strong US economy, Bush’s selection of Ben Bernanke to succeed Alan Greenspan as Federal Reserve Chairman, as well as a fresh list of international distractions to take the public’s mind off of local issues.
INFLATION & STRONG ECONOMY
Although no […]