Kevin's Market Blog China Financial Markets Crossing Wall Street Chart.ly Blog EconLog | Library of Economics and Liberty Calculated Risk The Baseline Scenario Janszen Commentaries Opinions expressed herein are those of the posters, not those of iTulip, Inc., its owners, or management. All material posted on this board becomes the intellectual property of the poster and iTulip, Inc., and may not be reposted in full on another website without the express written permission of iTulip, Inc. By exception, the original registered iTulip member who authored a post may repost his or her own material on other sites. Permission is hereby granted to repost brief excerpts of material from this forum on other websites provided that attribution and a link to the source is included with the reposted material. Nothing on this website is intended or should be construed as investment advice. It is intended to be used for informational and entertainment purposes only. Journalists are not permitted to contact iTulip members through this forum's email and personal messaging services without written permission from iTulip, Inc.
Oblivious Investor — Low-Maintenance Investing with Index Funds and ETFs ECONOMICROT The Tell No surprises at all in the ECB’s policy statement, which was a carbon copy of the statement that followed its July meeting. The highlights: –Rates left unchanged and expected to remain at present levels for “extended period” and beyond the end of the ECB’s bond-buying program. –Asset buying to continue at a 60 billion euros a month through year-end or beyond. The lack of any tweaks to the language seems to confirm expectations Draghi won’t unveil any details of the ECB’s taper plans today, says Jennifer McKeown, chief European economist at Capital Economics, in a note. That’s because past experience suggests the ECB wold have offered details, or at least a solid indication, of its intention in the policy statement, she said, adding that the lack of a hint suggests that expectations a strong euro has convinced the ECB to hold off on unveiling plans is correct. But don’t expect Draghi to imply that the rising euro has caused policy makers to shift their view, McKeown said.
Turning Hard Times into Good Times Jay Taylor has been able to more than double his newsletter’s model portfolio from 2000 to the present even as the S&P 500 was in the process of losing 50% of its value! The insights provided to Jay came from a history professor in 1967 who advised Jay that when countries go off a gold or silver standard, hard economic times are sure to follow because nations begin to think they do not need to work hard and save to enjoy a better life. Indeed there is no free lunch and a gold standard reminds people of that every day. Jay watched his professor’s prophetic words come true when in 1971, President Nixon completely detached the dollar from gold. Not surprising to Jay, the price of gold skyrocketed in the late 1970s as inflation wiped out vast amounts of wealth from average Americans. To protect his own wealth Jay began to invest in gold and gold mining shares and in 1981 he began sharing his success and insights in his newsletter.
Vanguard Blog for Advisors | Insights and updates for financial professionals The Economic Collapse