Stocks sold off big again today. Slowly, we are inching ourselves toward a bear market here. And I think the mantra has to be 'Fight the Fed'.
In this morning's market piece, I explained why this could be the Fed's last rate increase. And the gist was that the Fed's forward guidance for next year already is down to two rate hikes for 2019. If financial conditions tighten enough, March will be off the table. And at that point, any material slowing would put the Fed off permanently. So, it pays f...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.