Richard Fisher, president of the Dallas Federal Reserve, says the Fed needs to start tapering bond purchases in September. He says “there is need to dial back monetary accommodation in the system…you cannot expect the monetary authorities to do more than we have done.”
Here is a direct video link.
For retirees who still have a mortgage and a house to maintain, downsizing can help them stretch their retirement budget. Sharon Epperson explores the benefits of downsizing as part of the NBR series, “How to Not Outlive Your Money.” Here is a direct video link.
Every week has brought even higher more ridiculous valuations and even fewer participants. This era will be filed in the history books under the chapters “clear and present danger” and “monetary policy gone mad”.
Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.
Marc Faber explains why present conditions are reminiscent of those before the 1987 market crash. Here is a direct video link.
