Is the Federal Reserve Right?

Federal Reserve

    At the recent FOMC meeting, Bernanke was not clear about timing and even course of the Federal Reserve in ending bond buying program.  Perhaps intentionally, his uncertainty created a lot of volatility in the market. Given this volatility, I think it would be very difficult for the Federal Reserve to signal any type of exit strategy without causing some form of market response. In a way, it makes Federal Reserve a hostage to the markets. … [Read more...]

Jason Sheftell -Most Popular Guy In The NY Daily News Has Died

BEST REAL ESTATE JOURNALIST IN NYC

NY Daily News Real Estate editor and journalist Jason Sheftell, has died at age 46. He was a dear friend of our publicist Kathy Horn and was going to contribute to our blog. Our condolences to his family, friends, and colleagues. Jason brought the world of architecture, design, and art to us all through his written words and enthusiastic videos. He will be missed by many throughout the world. Read more about Jason by clicking the link … [Read more...]

The Future of Forex

My Opinion Response to Yahoo's article  " Forex Outlook for June".   Generally, I think Forex is expected to be very volatile this year, because of drop of gold prices and slowdown of economy in China.   Economic slowdown in China is mostly due to substantial decline in exports in response to recession in Europe and US, inflated property prices and generally inflation in China is on a rise. Also, China unsuccessfully tried … [Read more...]

Graduates – Live a Little Without Stretching Yourself Thin

Brandon Foster Gray

by Brandon Foster-Gray This one is for the recent college graduates out there, or undergrads looking to graduate in the next year or two. This post involves a bit of math, but put away your calculator; I already did the work for you. Before we get started, I want to ask if you have seen the classic scene from The Cosby Show, where Dr. Huxtable uses Monopoly money to explain to Theo how the real world works. If you have not seen it, do check it … [Read more...]

Job Report Exceed’s But Job Chart Is The Scariest

 Last week's job report showed that the  U.S. economy added 175,000 jobs in May.  And the unemployment rate increased up to 7.6 per cent. The report exceeded expectations.   Bill McBride of Calculated Risk wrote that “This shows the depth of the recent employment recession — worse than any other post-war recession — and the relatively slow recovery due to the lingering effects of the housing bust and financial crisis,” I … [Read more...]

Foreign Currency Losses Were Telegraphed in Advance

Forex graphic #1

In a recent Wall Street Journal article by Alex Frangos, ““Top Banks Missed Call Y100 Level Soon,” it was reported that not a single analyst from 15 financial institutions expected the Japanese Yen to fall to 100 per US Dollar.  Across the board, investors in traditional safe haven assets such as gold and foreign currency were caught unprepared by the impact of Quantitative Easing III and other money creating efforts by the world's central … [Read more...]

Urgent: Senate To Vote on Student Loan Reform

Urgent: Send them a note right now asking them to support Senator Elizabeth Warren's bill to lower student loan interest rates.  Just a few weeks ago, I sat in my cap and gown with thousands of other graduating students. As our parents applauded, speaker after speaker told us, "You're going to change the world!" It was a nice change of pace -- every other day, I hear about how my generation is made up of "lazy, entitled narcissists" [1] who … [Read more...]

Jamie Dimon: Head or Tails

J.P. Morgan boss--Jamie Dimon

    Legends often die a slow, painful death on Wall Street with an inevitable collapse at the end.  That was the story for Lehman Brothers, Bear Stearns, and a host of others.  It is also a pattern that seems to be repeating itself with Jamie Dimon, the venerable Chairman and Chief Executive Officer of JP Morgan, considered by many to be the standard bearer for blue chip banking firms. Like so many others, however, JP Morgan … [Read more...]

U.S. Treasury Department Will Suspend Sales

USDeptOfTreasurySeal-2003Bill

By Anna Timone   “ The Treasury Department on Friday will suspend sales of state and local government Treasury securities until further notice, the first action to avoid hitting the U.S. debt ceiling. The debt ceiling is expected to be reached on May 18, but the Treasury had been expected to take steps like this one in order to keep paying bills. Treasury Secretary Jacob Lew said last week that the U.S. will be able to avoid the debt … [Read more...]