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Tag: fed policy

Richard Russell – People Are Going Broke & It Will Get Ugly – Telling Listeners to Buy Financial Insc.

At nearly 90 years old, the Godfather of newsletter writers, Richard Russell, warned that he expects this ongoing crisis to get very ugly. The 60-year market veteran also included some very troubling guest commentaries warning that, sadly, people are simply going broke in the United States. Russell: “The market fooled me. I thought the Dow would advance to a new high, unconfirmed by the[...]

El-Erian: Fed’s Easy Money Policy Is ‘All-In Bet’ – Moneynews

Tuesday, 08 Jul 2014 01:45 PM By Dan Weil via Moneynews The Federal Reserve's continuation of a highly accommodative policy represents an "all-in bet" by Fed Chair Janet Yellen that the easing will bring economic growth before the policy reaches the point of causing financial instability, says former Pimco Co-CEO Mohamed El-Erian. The Fed is expected to leave its federal funds rate target at a[...]

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