Salient to Investors: The economy resembles the 1970s more than the 1990s. Alan Blinder at Princeton sees risk of the economy moving in the same direction as it did after 1973, though we are a long way from seeing a sustained rise in inflation. Blinder said the long-term trend in
READ MORE... →Salient to Investors: Stephen Stanley at Pierpont Securities sees nothing on the economy side to have precipitated such a seismic shift in the Fed’s approach to QE. Stanley said QE was contributing to a market environment where people were taking too much risk, and the beginning of tapering in September is
READ MORE... →Salient to Investors: William D. Cohan writes: Mary Schapiro, the former chairman of the SEC is joining a firm loaded with former government financial-services regulators. Schapiro previously ran FINRA, Wall Street’s self-appointed watchdog. Alan Blinder at Princeton is a co-founder of Promontory Interfinancial Network which offers Insured Cash Sweep, which splits large deposits into
READ MORE... →Salient to Investors: Alan Blinder at Princeton said: Bernanke has done a very good job and will stay if he wants it. Has an A+ on keeping inflation low and D- on keeping unemployment low. His Lehman Bros decision was wrong and was a turning point after which everything fell apart. Fed is
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