Wednesday Highlights: Putin attributes jumpy Russian stock market to actions by the Federal Reserve; Ralph Benko writes about how the Republican National Committee, Cato, and Heritage are promoting the Brady-Cornyn Centennial Monetary Commission to restore economic growth
In The WSJ, Matthew Rees discussesGeorge Gilder’s book “Knowledge and Power”.
Monetary Reform At Forbes.com, Ralph Benko writes about how the Republican National Committee, Cato, and Heritage are promoting the Brady-Cornyn Centennial Monetary Commission to restore economic growth. On CNBC, Rob Insana believesthe Fed has moved on to “qualitative teasing”.
The WSJ askswhat it will take for the Fed to raise rates.
On USA Today, Adam Shell reportsthe street is eager for Yellen’s first Fed announcement.
On Businessweek, Joshua Brustein saysif bitcoin remains impractical, the treasury will let it be.
From TGSN, Ralph Benko wondersif Leprechauns are the culprit behind the slow repatriation of Germany’s gold, in honor of St. Patrick’s Day.
On The Kudlow Report, panelists weigh in on how to grow the economy.
World From the Washington Post, Vladimir Putin attributes jumpy Russian stock market to the Federal Reserve’s pulling funds from the developing to the American market.
Now, the stock market. As you may know, the stock market was jumpy even before the situation in Ukraine deteriorated. This is primarily linked to the policy of the US Federal Reserve, whose recent decisions enhanced the attractiveness of investing in the US economy and investors began moving their funds from the developing markets to the American market. This is a general trend and it has nothing to do with Ukraine. I believe it was India that suffered most, as well as the other BRICS states. Russia was hit as well, not as hard as India, but it was. This is the fundamental reason.
As for the events in Ukraine, politics always influence the stock market in one way or another. Money likes quiet, stability and calm. However, I think this is a tactical, temporary development and a temporary influence.