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Treasury Secretary Steve Mnuchin says market plunge on Fed rate hike 'is completely overblown'It's becoming increasingly clear that not a single person in the Trump administration has any idea of what they're talking about. Complete incompetence and denial. This guy has a very small economic vocabulary, probably to match his treasury policy knowledge. He made some money in business. Little comfort or guidance in running the Treasury of the USA. he is a blind politician or pretending, hihi
Source: CNBC - 🏆 12. / 72 Read more »
Mnuchin says market reaction to Fed is 'completely overblown'DOW down 4000 since October, and 2000 since the 'tax cut'... this shut down ought to help! jimcramer is this true? Overblown
Source: MarketWatch - 🏆 3. / 97 Read more »
Here are the three big changes the stock market is hoping to see from the FedThe Fed is expected to unveil some big changes Wednesday afternoon when it releases its statement and new economic projections.
Source: CNBC - 🏆 12. / 72 Read more »
El-Erian: Fed chief Jerome Powell is trying to break the market's central bank 'co-dependence'Powell would likely say 'it's about time the markets stand on their own feet' in response to stocks sinking Wednesday following his press conference, economist Mohamed El-Erian says. elerianm His dual mandate is intrinsically linked with the overall health of US equity markets. elerianm The markets have been thriving on the sugar rush from the high levels of cheap liquidity. This is the crash from that rush. elerianm I wonder if it occurs to anyone both how futile and stupid that is. The Fed's mandate is to effect both inflation and unemployment which the market is very interested in and affected by.
Source: CNBC - 🏆 12. / 72 Read more »
Mohamed El-Erian: Fed chief Jerome Powell looks to break the market's central bank 'co-dependence'Jerome Powell would likely say 'it's about time the markets stand on their own feet' in response to stocks sinking Wednesday following his press conference, economist Mohamed El-Erian says. elerianm so 2008 was when America was great? Mission accomplished Mr. President. elerianm Mohd El Erian? Serves fake news media just right elerianm Yellen raised rates without this kind of disruption. Why isn't Powell following same communication strategy?
Source: CNBC - 🏆 12. / 72 Read more »
Here’s just how crazy this week was for the stock market, in one big chartHere’s just how crazy this week was for the stock market, in one big chart: Biggest within-day swing ever? Dip buyers are always cheering at these graphs.
Source: MarketWatch - 🏆 3. / 97 Read more »