There we have it, folks. Lift off! US Fed raises rates this week for the first time since June 29, 2006. After 12 months of preparation and jawboning. 0.25%. For posterity. What difference will it make and how far will they go before they have to fold? Under the current economic environment, we still find it […]

Last night and this morning we were able to see what happens when a central bank does “less than expected”. Last night, European Central Banking superstar, Mario Draghi dropped rates by only .1% to -.30% and promised he would only extend the €60b a month QE bond buying program to March 2017! The response from markets was […]