From King World News: At nearly 90 years old, the Godfather of newsletter writers, Richard Russell, warned that he expects this ongoing crisis to get very ugly. He also believes that we are seeing the end of a historic event. The 60-year market veteran described the feeling as the same thing he felt as World War II was coming to a close. Russell: “In the 56 years I've been writing Dow Theory[...]
Tag: interest rates
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[...]
Why interest rates may stay very low for a lot longer – LA Times
By Tom Petruno July 6, 2014 Since the financial crash of 2008, one of the biggest guessing games in the U.S. economy and markets has centered on interest rates — and when they would finally rise from the historic lows that followed the Great Recession. But year after year, analysts who predicted a sustained rebound in rates have been foiled. The long stretch of rock-bottom rates has been[...]