Fed Stays Still, Admits Economy Is Worse At August 1, 2012 Meeting – President Obama Talks To Hollande: The market stood firm today after what was largely expected -happened. The Fed didn’t move on QE3 but said they planned to keep a low interest rate through 2014. We believed the market would be under pressure…
U.S. Equities Stand Firm After French, Greek Elections 2012: U.S. stocks fell sharply in early trading but rebounded later in the day as investors digested the news about the French and Greek elections May 2o12. France ushered in a new era of “Socialism based on growth” with the election of Francois Hollande while Greeks overwhelmingly…
French Bid Sarkozy Adieu, Austerity Is Dead: What Does This Mean For President Obama? Nicolas Sarkozy has lost the presidency to Francois Hollande. Francois Hollande is the first French Socialist president in nearly two decades and the election held today confirms austerity in Europe is dead. France and Germany have been major backers pushing for…
