The Specter of Rising Rates
Suddenly, out of the blue, August’s data came in well below expectations; the economy now appears to be sputtering as we end the third quarter. Yet the Fed has put the markets on notice that it intends to soon raise interest rates, or at least that is what the market thinks given the hawkish speeches […]
The logic behind Wall Street’s recession fears
To the logical investor, and to most economists, Wall Street’s fear of a U.S. recession appears irrational. Is it? While there is no current evidence that the U.S. has entered a recession, or even that one is approaching, there have been two instances in modern history where the financial markets have precipitated a recession; 1929 […]