Month: June 2013

The Market Is Like A Petulant Child

This week, the Federal Reserve continued its strategy of giving very advanced warning that its extraordinary easy policy will eventually be wound down, as we discussed in our “Market Message” on May 31, “The Worm Has Turned.”  This is fundamentally good news. It affirms the Fed’s awareness of the need to stop bond buying, and

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Bernanke’s Hurt Locker

There is no more important issue facing our economy, indeed the world’s economies, and the future performance of the markets than the reversal in Fed policy that will happen over the next several years.  The stakes couldn’t be higher. Do too much, put us into contraction.  Do too little, create inflation. For now, the duty

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