Stocks have pushed to new highs in rather convincing fashion. Is this a real breakout, or a just blow-off top? Here is the current chart for the S&P 500 (click for larger image): Our lunar red period has not stopped the recent rally and the S&P 500 chart is showing a clear breakout from the… Continue reading Is the breakout for real?
Tag: Federal Reserve System
Why QE fails to start the economic engine
I get occasional questions about the quantitative easing (QE) programs that are being perpetuated by the world’s central bankers. Will it work? When? The idea of QE is to add some extra money-fuel to start the economic motor. This is really no different from priming an engine before you start it in cold weather. If… Continue reading Why QE fails to start the economic engine
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