Reuters has published the result of what is being touted as the Ignorance Index. The one question as an example: “Guess how many U.S. girls aged 15-19 give birth each year. Go ahead, guess. If you calculated the number at 3 percent you're correct; if you guessed 24 percent, you're American.”
I rarely watch TV. If I do, it tends to be national news – never local that think a burning house is news or some guy shot his wife in a domestic dispute. I was at dinner and the TV was [...]
Let me get this straight…FOMC stops buying securities in the open market and the world falls apart, right? WOW. Are you folk's economists, traders, or just a bit naive? I get the notion of negative sentiment, large fed balance sheets, “potential” global economic slowdown, and blending the nuances into an applicable portfolio model.
Do you folks really believe that its core, the fed and its respective governors, analysts, modelers, connections to Wall Street, are focused on anything other than returning the US economy back to a something resembling a sustainable growth rate? Seriously.