The 25-year anniversary of the Russia/LTCM collapse offers a timely reminder of the perils of leveraged speculation. A series of Wall Street Journal articles touched on key issues. “Naturally things are completely different today. Back in 1998 there was a… Read More ›
“Anyone who isn’t confused really doesn’t understand the situation.” Edward R. Murrow
The FOMC board that sets interest rates met today. No surprises. Held rates steady – market expected Said one more hike this year – market expected Will hold rates high next year – market does not believe them But we… Read More ›