• Gold Standard I...
    01/12/2016 - 00:57
    Jamie Dimon, JP Morgan ChaseBrian T. Moynihan, Bank of AmericaMichael Corbat, Citigroup I am writing to you to warn you about the disruption that is about to occur in banking.

Will Santa Bring 401k's And IRA's Joy This Holiday?





 
Over the past few trading sessions the major stock indexes have come under some serious selling pressure. Many traders and investors have been focusing on the possible tapering of QE-3 by the Federal Reserve next week. Remember, the major stock indexes have surged on the back of the easy money policies that have been implemented by the Federal Reserve since 2008. So if the central bank decided that they would begin to cut the easy money policies it could certainly hurt the stock markets. Why would the Federal Reserve start to taper now? After all, this is the last FOMC meeting that Ben Bernanke will be in charge of. As you all know, he is stepping down as chairman and being replaced by Janet Yellen. She might be more dovish than Ben Bernanke, so there is a fair chance that there will not be a taper at all in December. Should the Federal Reserve decide to taper it would probably be very small, perhaps $5 billion to $10 billion in U.S. Treasuries. ...Continue reading here: http://bit.ly/18WZ1bJ
 

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