Stocks Ignore Stimulus Rift, Sowing Worries on Wall Street
Federal Reserve officials and private economists alike have emphasized that a sharp drop-off in government spending imperils a fragile GDP recovery.
Federal Reserve officials and private economists alike have emphasized that a sharp drop-off in government spending imperils a fragile GDP recovery.
"The mere fact that you do something that has negative consequences doesn't mean it was a mistake," billionaire says. "They had to do what they did."
Dr Doom is back with concerns that this year could punish optimism more savagely than many hoping to see a statistically unlikely "white swan" think.
"It’s purely for speculators looking for action, who don’t mind the risk of trading a worthless digital asset that will eventually zero out."
Bond investors are taking a long hard look at the speed of yield declines and are on the lookout for any signs that a reckoning is underway.
A host of risks are building beneath the surface of the markets’ unimpeded uptrend and need to be resolved before Big Tech can get back to work.
Choosing a successor has become a fixation at Berkshire company events in recent years. The board would do well to avoid a Warren Buffett clone.