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Steering rates and setting rates are not the same. The question for the Fed is, how can they control interest rates for longer-term securities?

“In most cases when you let a company know that the SEC has comments on their disclosure they do not go forward until those comments are resolved.”

The Robinhood retail euphoria peaked last week, and is finally rolling over.

Another overnight ramp effort evaporates as cash markets open...

"It really shows you that the Fed is beholden to Wall Street speculators..."

"...we believe it is only a matter of time before substantial further cost-trimming plans are announced." 

 

 

Powell said "We want to be there if things turn bad in the economy or if things go in a negative direction." Did he mean “stocks” when he said "things"?

The narrative changes faster than you can say “mine... no, yours.”

"But questions about the extent of lasting damage will have to wait for a number of months before being resolved."

A few comments.

Believe it or not, but the dystopic view that democracy is dead is by no measure a new idea. However, what might disturb you is where this design, in its contemporary form, really germinated from...

Flat and no-income tax states, as a group, are beating out progressive tax states in the contest for people and their incomes, according to the last decade of IRS migration data

Senior editor Ash Bennington joins managing editor Ed Harrison to unpack today's positive retail numbers as well as whether the recession is now "over" (even…

What we can count on is that power-hungry politicians and bureaucrats will continue to throw their weight around...

The Fed has backed itself not into a corner but to the edge of a precipice...

How scared are they of these markets that they have to intervene at every down turn?

An investigation eventually found that PG&E inadvertently started the fire when a transmission line broke from a nearly-100-year-old Pacific Gas & Electric Tower after years of neglect.

The FT questions whether the "Oracle of Omaha" label is still even appropriate...

"...in the short run, it grows ever harder not to buy stocks. In the long run, this will look like a mistake."