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Why Ben Bernanke Still Believes in Wall Street

Former Fed Chair Ben Bernanke, TIME’s 2009 Person of the Year, has finally released a long awaited memoir of his time in office. The tome, titled… 4,316 more words

My chat with Ben Bernanke

Fortuitously, I was able to have a brief discussion yesterday with former Fed chief Ben Bernanke.

He is on a media tour for his new memoir, “The Courage to Act: A Memoir of a Crisis and Its Aftermath.” Bernanke was waiting to go on Fox business channel and I was able to have a few minutes with him. 218 more words


Is the Fed the Most Powerful Institution in the World?

What is the Federal Reserve and who owns it? One could say it’s very mysterious. No doubt it’s a very powerful institution and is not, as many people think, a government entity – not a part of the executive or legislative. 349 more words


People weren't supposed to be saving this much money — and now it's a problem - Myles Udland 10/5/15

So, let’s start with the basic premise: Consumers are not economists.

This means that normal people who have a job and then decide what to do with their hard-earned money often make decisions that economists don’t expect. 124 more words


Chart of the Week: October 5, 2015

Almost all asset classes declined in Q3 2015 as uncertainty related to China’s economy and the timing of a Fed rate hike resulted in increased volatility in global risk assets. 166 more words

Market News

Wealth Management Economic Update October 5, 2015

U.S. and World News

  • With the preemptive resignation of House Speaker John Boehner paving the way for compromise, this week President Obama signed into law a bill that extends federal funding until December 11th.
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The Sky is Not Falling...Yet

The Employment Report on Friday was bad – but it wasn’t the unmitigated disaster that the consensus seems to have spun it into. It is true that there were no bright spots. 507 more words

Federal Reserve