Ken Fisher: Fed Should Sell Its Trillions In Bonds Now
What the Fed really ought to be doing is purging itself of all the stupid bonds they bought during quantitative easing, which was stupid, Fisher says.
What the Fed really ought to be doing is purging itself of all the stupid bonds they bought during quantitative easing, which was stupid, Fisher says.
Kudlow also on Thursday noted that the bond market's yield curve is upside down, but that does not mean a recession is on the way.
Paying dollars directly into the banking system now and taking yen back pays 3.7% for a one-week placement. The banks need cash. What could go wrong?
Facing an existential crisis, active managers are now trying to scare investors out of index funds by hanging the dreaded B-word on indexing.
For oil markets, it’s the single worst sudden disruption ever, surpassing the loss of Kuwaiti and Iraqi petroleum supply in August 1990.
While stocks have edged up, investor sentiment is far from bullish. In fact, Citi’s Panic/Euphoria Model recently showed near-panic readings.
Earlier this year Berkshire Hathaway chairman Warren Buffett discussed his nightmare scenario. Since then his cash position has expanded dramatically.