The Federal Reserve is about to release the minutes from its two day meeting.  It is widely expected that the release will mention the end of quantitative easing, or QE.  The linked CNBC article has a good explanation of what else market participants will be looking for in the statement.

Chris Rupkey, chief economist at Bank of Tokyo-Mitsubishi UFJ, told CNBC’s “Squawk Box” that a key to the future direction of financial markets comes down to four words in the statement the Fed releases Wednesday afternoon after its two-day meeting.

“Significant slack.” Rupkey said any modification to that phrase in the policy statement as it pertains to the job market would be big news. “There’s a tremendous battle over whether the economy is nearing full employment.”

  He also cited “considerable time,” another Fed favorite in describing when it might start considering an interest rate hike following the end of QE. The last time the Fed modified that phrase in 2004, he said, the central bank “hiked rates five months later.”

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Dan Loeb on Recent Market Volatility-courtesy of Business Insider

by Marilou Long on October 22, 2014 in equity market

A post today on Business Insider has part of Dan Loeb’s recent letter to his investors on the recent market turmoil.  Loeb is the founder of Third Point LLC.  From the linked post: From Loeb’s letter: Before October, both market corrections and rallies back had been quick and dramatic this year. We feared that there [...]

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China Grows at Slowest Rate in Five Years

by Marilou Long on October 21, 2014 in Foreign Markets

China has been trying to slow down their growth rate to a sustainable level in order to prevent a boom and bust cycle, and it is a very delicate balancing act.  Their rate of growth for the third quarter came in at 7.3%, the slowest rate in five years.  From the linked WSJ article: Navigating [...]

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Enlightening Commentary from a Trader at National Alliance

by Laura Ehrenberg-Chesler on October 16, 2014 in Energy

My partners and I thought this was very helpful and insightful commentary on what is causing the action we are seeing in the markets. “So what is going on???? The way we see it, the margin clerks are in charge…this is liquidation, not orderly unwinds…It may have started in the oil space, but it is long term [...]

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The Ruble is Collapsing – courtesy of BusinessInsider

by Marilou Long on October 8, 2014 in currencies

The recent economic data out of Europe shows that the sanctions against Russia are impacting the EU as well as Russia.  The chart from this linked BusinessInsider article shows how much the sanctions are hitting Russia’s currency. The Russian ruble has collapsed to a record low against a basket of  dollars and euros despite intervention by the [...]

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Words of Wisdom from Thomas Jefferson

by Laura Ehrenberg-Chesler on October 8, 2014 in Tribute

My post today is one of my favorite quotes from Thomas Jefferson: “I am a great believer in luck, and I find the harder I work, the more I have of it.” Words of wisdom from one of our Founding Fathers.

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The Inevitable Student Loan Mess

by Laura Ehrenberg-Chesler on October 2, 2014 in Debt

There has been some mention both in our blog and the financial press about the looming crisis in student loans in the U.S.  This opinion piece from the “Wall Street Journal” certainly puts the matter in a stark, and ominous light.  This is a matter that deserves attention from the general, voting public. http://online.wsj.com/articles/joel-best-and-eric-best-student-loan-debta-federal-toxic-asset-1412204612?mod=trending_now_5

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Unrest in Hong Kong

by Marilou Long on September 30, 2014 in Foreign Markets

Tens of thousands of protestors have been filling the streets of Hong Kong the last several days.  The protests started out very peacefully, and then the Chinese government began to use tear gas and force on the protestors.  This editorial from the New York Times today is a good explanation of what’s at stake for Hong Kong.  From the linked article: If [...]

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A Good Explanation of the Jewish High Holy Days

by Laura Ehrenberg-Chesler on September 24, 2014 in Education

My partner Marilou suggested I post this brief summary of Rosh Hashana and Yom Kippur.  Happy New Year to all of our clients who are observing the Jewish New Year. “As the sun sets tonight, Jews around the world begin the most intense period of the Jewish year. The Ten Days of Repentance, sometimes called [...]

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iPhone 6 Review Round Up

by Marilou Long on September 17, 2014 in lifestyle

I have linked several reviews for the new iPhone 6 that I found useful.  There is also an article at the end about upgrading your existing phone to iOS 8. From the Wall Street Journal: After using both the iPhone 6 and iPhone 6 Plus for a week, I can report that Apple has successfully [...]

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