You Can’t Start a Fire Without a Spark…

Well the destruction continued this week on Wall St., and simply put, what started out as a health crisis has turned and caused a financial one.  Why have the markets been going crazy despite some movement in legislation? Well, it’s the internals of the markets – things like commercial paper, overnight window use, etc.; theContinue reading “You Can’t Start a Fire Without a Spark…”

What the Fed Just Happened?

Sunday the Federal Reserve took the extraordinary measure of cutting the federal funds rate to 0 – .25%.   Along with other steps. The markets subsequently sold off as soon as the futures markets opened at 6PM E.S.T. Sunday, as they interpreted the move as a move indicative that things were worse than they were. Normally,Continue reading “What the Fed Just Happened?”