Terrorism & the Financial Markets Wall Street has the potential to recover quickly from geopolitical shocks The worst terrorist attack in Europe since 2004 has rattled governments and investors. The French government has closed the nation’s borders and placed thousands of soldiers on the streets of the country’s major cities.1 As an anxious …
Did You Hear What Just Happened With Social Security? Congress just eliminated two popular strategies used to get greater retirement benefits. If you want to claim Social Security benefits soon, keep a date & a number in mind. The date is April 30, 2016. The number is 62. Recent changes to the Social …
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The Fed Makes Its Move Wall Street rallies as interest rates rise for the first time since 2006. U.S. monetary policy officially changed course Wednesday. Federal Reserve officials voted to raise the federal funds rate by a quarter of a percentage point, ending an unprecedented 7-year period in which it was held near zero. …
Has Wall Street learned from 2008? Some market bears think very little has changed. They could be right. Memories of 2008 are still fresh: The credit crisis; the collapse of Lehman Brothers and Washington Mutual; the federal takeover of Fannie and Freddie; the market downturn. There’s little doubt Wall Street would like to …
THE PUBLIC-PRIVATE INVESTMENT PROGRAM Can the latest bank rescue plan help to repair troubled thrifts? On March 23, Treasury Secretary Timothy Geithner announced details of a new Obama administration effort to get banks lending again – a “critical piece of our plan to increase the flow of credit and expand liquidity.” The blandly-named …
