by Bill Bonner The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance or the get-rich-quick adventurer. They will die poor. – Jesse Livermore, How to Trade in Stocks The trouble with capitalism’s guardians is that they have no respect for it. Markets have been around for[...]
Tag: Fed
Janet Yellen Gives Her Clearest Comments Ever About How She Missed The Crisis And How She Sees The World
In Nicholas Lemann's profile of Fed Chair Janet Yellen in this week's "New Yorker," Janet Yellen says she knew the housing market was dangerous before the financial crisis. "In 2005 and 2006, [Yellen] began to be concerned that there was a dangerous bubble in in the housing markets," Lemann writes. From Lemann's profile: "'I'm sorry that light bulbs didn't go off in my head a couple of years [...]
Gold Climbs Above $1320/oz Ahead Of US Federal Minutes – Holding onto 2014 Gains
by Reuters LONDON: Gold prices firmed on Wednesday, climbing back above $1,320 an ounce, as fresh inflows into bullion-backed funds indicated rising investor confidence the metal ahead of the release of the latest Federal Reserve minutes. The world’s largest gold exchange-traded fund, New York-listed SPDR Gold Shares, reported a second straight session of inflows on Tuesday, taking its[...]
Why You Feel Poorer
Source: Zero Hedge You feel poorer because you are poorer. In the last fourteen years, has your income increased over 50%? If you think it has, has it done so after taxes? Even if it has, you likely have not kept up in terms of inflation. If you are a retiree, living on fixed income, a pension or bonds, you certainly have become poorer. If you had bought the Dow-Jones on 12/31/1999 you would[...]