The advance number of actual initial claims under state programs, unadjusted, totaled 297,870 in the week ending April 19, a decrease of 20,923 (or -6.6 percent) from the previous…
Lee Adler talks about what the lack of recovery in housing while prices bubble higher means. He says that the energy boom helps only a few, but helps create the illusion that the US economy is growing at a healthy pace.…
In this regular Radio Free Wall Street podcast for subscribers, Lee Adler reveals the truth about inflation and retail sales, and discusses what could trigger a market and economic collapse in spite of central bank market support. Subscribers may click here to…
In this regular Radio Free Wall Street podcast for subscribers, Russ Winter and Lee Adler Lee Adler discuss the recent trend of the players taking their marbles and going home. What does it mean for the markets? Lee points out…
The price of gasoline in the U.S. is on the rise again.
Housing remains a weak spot in what otherwise looks like a fairly broad improvement across the US economy.
An unwieldy start for the early openers: Kiwis +0.2%, Aussies +0.1%, Nikkers -0.4% and Sth Korea -0.1%.
In Aussie sectors, Gold +2.5%, Utilities +1% down to Consumer Staples -0.5%.
The Dow Jones today (Wednesday) lost 0.08% to close at 16,501.65. The Standard and Poor’s 500 Index and the Nasdaq Composite were both unable to deliver a seventh consecutive winning session. The S&P dropped 0.22% to close at 1,875.39, while the Nasdaq fell 0.83% to finish at 4,126.97.
In spectacular fashion, markets did say “enough” in Japan last week. Yet, interest rates did not move. Recall “important qualification coming” in the paragraph above. On Monday, April 14, 2014, and, into Tuesday, April 15, 2014, there was not a single bid for the Japanese 10-year bond.
A few weeks ago, I told you a story about a woman who took my advice and used it to overcome her fear of investing.
As it turns out, it was an incredibly popular column.
Former Chairman Ben Bernanke doesn’t regret much about the Fed’s actions since the financial crisis. But there’s one thing he does regret, he says: he didn’t explain the Fed’s actions to the American people. If he just could have explained his “wealth effect!”
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.