“We have a constitutional right to speak up and speak out,” Pittsfield rally co-organizer Robin O’Herin told The Berkshire Edge. “He is stealing our government and turning it into an autocracy and a dictatorship”
When it comes to the movement of stock prices and how those prices reflect fundamental data, good vs. bad is largely irrelevant. What matters is not good vs. bad, but better vs. worse.
The chairman appeared to be sending a message to the White House that its trade war is pushing the U.S. toward a recession, and that the Fed may not have the tools to bail us out if that happens.
According to the Employee Benefit Research Institute, currently 67% of workers are “very” or “somewhat” confident that they’ll be able to live comfortably in retirement. ... Their optimism is probably misguided, but I’m happy for them. Ignorance, as they say, is bliss.
Last week the Fed pivoted so quickly that all of us watching the press conference got whiplash. The Fed went from expecting two hikes in 2019 to zero. (It did maintain its estimate of one hike in 2020.)
