Update of Fed/Congress prediction

  In my 2011 Predictions I said the following:   “Federal Reserve (monetary policy) – The Fed will continue to be impotent quantitatively having pulled all of their policy levers already.  Instead, the power of the Federal Reserve will be...

Goldman Sachs misunderstood

Last spring it came to light that a unit of investment banker, Goldman Sachs, was selling a mortgage backed security (MBS), while simultaneously an analyst at Goldman Sachs was recommending that the firm’s clientele sell the security.  To the general public this...

EU crisis?

According to the Wall Street Journal this morning the European Union governments are meeting privately.  The subject?  Increasing the size of the Eurozone’s bailout fund. The reason is that both Portugal and Spain have made it onto the radar screens of...