I think stocks are ridiculously cheap if you believe. . . that 3% on the 30 year {US Government} bonds make sense.Warren Buffett statement to Becky Quick on CNBC The US economy is coming out of a slowdown caused primarily by the Federal Reserve Board (Fed) policy of increasing short-term interest rates. The Fed reversed … Continue reading Taking the Long View
Category: Stock Market
2019 Second Quarter Commentary
THE FEDERAL RESERVE BOARD (Fed) Since World War II, the goal of the Federal Reserve Board (Fed) has been to stabilize prices and maximize the level of employment. To achieve these objectives, the Fed has believed it necessary to predict future inflation rates and to steer interest rates up or down to maintain stable prices. … Continue reading 2019 Second Quarter Commentary