Shiller’s Research Is a Money Maker for the Investment Advice Field
Many investment professionals perceive Shiller as carrying a big red pitchfork and sporting horns and a tail. But Shiller’s research is a money-maker.
Many investment professionals perceive Shiller as carrying a big red pitchfork and sporting horns and a tail. But Shiller’s research is a money-maker.
“The Fed missed a golden opportunity to catch up with realities on the ground. Instead, it has fallen further behind,” the PIMCO chief says.
In the end O'Rourke says Powell's vague language breeds uncertainty around inflation, which he argues is "a phenomenon well beyond his control."
The decline over the past few weeks has been “mostly healthy” because it has “deflated some of the bubbles,” such as cryptocurrencies.
A top U.S. banking leader delivered an unusually brusque critique of the central bank. Fed has been damaged it’s lost credibility.
Such shifts signal that bonds are pricing in a potentially more aggressive tightening, enough to risk a rapid slowdown in the broader economy.
Ray Dalio said there’s a “reasonable chance” neither major U.S. political party will accept the results of the 2024 election.