The Fed’s Road Ahead

This post The Fed’s Road Ahead appeared first on Daily Reckoning. The Fed raised rates yesterday, as I predicted months ago. I don’t say this to pat myself on the back. The point is, I use a rigorous scientific method to analyze and predict markets...

Is the Fed Repeating the Mistake of 1936–37?

This post Is the Fed Repeating the Mistake of 1936–37? appeared first on Daily Reckoning. Jerome Powell has the situation in hand. “The economy is doing very well,” the Federal Reserve chairman assured reporters after yesterday’s 0.25% rate hik...

[Buy Alert] The Permian’s Best Pipeline Stock

This post [Buy Alert] The Permian’s Best Pipeline Stock appeared first on Daily Reckoning. It drives me crazy, so I can’t imagine how the players directly impacted feel. Permian shale oil producers have drilled themselves into a major problem. ...

The “Shadow” Interest Rate Is Flashing Red

This post The “Shadow” Interest Rate Is Flashing Red appeared first on Daily Reckoning. Word came down shortly before 2 p.m. As expected, the Federal Reserve has raised its target rate… to between 1.75% and 2%. It plans two additional rate hi...