Why the Stock Market Dropped So Sharply

Two words – “The Fed.”  The two primary goals of the Federal Reserve’s Quantitative Easing efforts over the past few years were to inflate asset prices (stocks, real estate, etc.) and lower interest rates.  They call this the “wealth effect.”  In theory, they think that higher asset prices will increase confidence, which will increase spending, business…

Buckle Up!  Why it’s About to Become a Wild Ride!

When we look back, I believe history will say the seeds of the next crisis were planted in the fall of 2014.  I thought it was going to be Europe that started the party, but instead Japan raised their hand and volunteered by starting the world’s next currency war – although you’ll never hear a…