Today is the last trading day of the year, and folks, this has been one of those years where you just have to sit back, take a deep breath and be glad that it’s over. If I had told you that we’d go through what we’ve gone through—the tsunami/nuclear disaster in Japan, the Arab Spring, [...]
Folks, as you may have noticed, The Jack B. Show took a hiatus last month. We’ve retooled some things, made some great additions to the program and I’m proud to say we’re back with a new and improved daily podcast, which you can get on iTunes and right here at TheJackBShow.com. I’d like to take [...]
Well, folks, we had a nice firm opening this morning after yesterday’s Greek-inspired selloff, and it feels like at least some of the fear may be behind us. The bounce today is important—it will tell us whether we’ve weathered the storm. Don’t read too much into it unless it continues into the afternoon, because this [...]
Folks, Dallas Fed President Richard Fisher spoke to CNBC this morning. When asked about whether the FOMC will continue to experiment with monetary policy, he responded, “Whatever we do has to have a complementary side, a fiscal policy that channels it properly.” That’s right: without the help of legislators and the Obama administration, there simply [...]
Folks, Chicago Fed President Charles Evans made an appearance on CNBC this morning, and what he said was very interesting. Essentially, Evans told us that he’s nervous about economic recovery, about the lack of job creation and about sluggish housing. Without saying that the Fed is going to continue to force-feed us inflation, he said [...]
Well, folks, how are you enjoying this volatility? I told you at the beginning of the week to expect quite a bit leading up to Jackson Hole today, and that prediction certainly has come true. Today is the day when all the central bankers gather to talk markets and monetary policy. This conference probably used [...]
Folks, I may be out at The Money Show in San Francisco catching up with my good friends at Bull & Bear Institute and Investor’s Business Daily, but that doesn’t mean I’m not trying to figure out what’s going with all this market volatility. And in my analysis, I noticed something that I think is [...]
Folks, yesterday the Fed came out and basically said they’re going to keep interest rates pegged for the next couple of years. As I predicted on yesterday’s show, they aren’t calling this “quantitative easing” per se, but that’s exactly what it is. So I’ve decided give it a name for them: QE Incognito, or QEI [...]
Folks, first it was Greece, now it’s Italy. More bad news about debt problems in the Eurozone caused the market to open down about 1% across the board this morning. I’ve been talking for a while about how the flow of funds from Europe affects U.S. equity markets. European fund managers get news like this [...]
Folks, today marks the end of several things—the month, the quarter and the half-year, which we discussed earlier this week. But it also marks the end of QE2— the Federal Reserve’s policy to stimulate the economy by buying treasury securities with money it created out of thin air. People will be arguing for years about [...]