Contributing Editors' Blog Entries

Tim Knight from Slope of Hope's picture

Future Tense

Of course, the "relentless" rise hasn't been for two months this time.......it's been for nearly five years. And I can tell you, reporting directly from the heart of the Silicon Valley, the zeitgeist around here is 1999 and 2007 compressed together and supercharged.

Phoenix Capital Research's picture

 

By keeping interest rates near zero, the Fed has been hoping to push investors into the stock market. The hope here was that as stock prices rose, investors would feel wealthier (the “wealth effect”) and would be more inclined to start spending more, thereby jump-starting the economy. This has not been the case. Instead the entire capital market structure has become mispriced.