Tag: risk on/risk off markets
WEALTHTRACK Transcript #911- 9/7/12 CONSUELO MACK: This week on WEALTHTRACK, preventing financial fires before they start and avoiding them if they flare up. Former IMF leader and Financial Thought Leader John Lipsky joins global strategist Nick Sargen to discuss global hot spots, Europe, China and the U.S. next on Consuelo Mack WEALTHTRACK. Hello and welcome to this edition of WEALTHTRACK. I’m Consuelo Mack. It has been four years since the start of the worst financial crisis in the post war era. It feels like a lifetime to me. Lehman Brothers filed for bankruptcy in September 2008, tipping the world into
The Decline of U.S. Financial Dominance
The Effectiveness or Lack Thereof of Federal Reserve’s Monetary Policy
It has been four years since the start of the worst financial crisis in the post war era. It feels like a lifetime to me. Lehman Brothers filed for bankruptcy in September 2008, tipping the world into a systemic financial meltdown which we have been recovering from ever since. It’s helpful to step back every once and while and see how far we have come since the market lows of March 2009, when the S&P closed under 700. It has more than doubled since then, but oh what a ride it has been!
Read MoreOne of this week’s guests, Fort Washington Investments Nick Sargen, points out that there have been three distinct market phases since the financial crisis began. First, “the sell off” from September of ‘08 to March of ‘09 when global credit markets froze, economies fell into recession, and the Fed drove interest rates to zero. During the sell-off, the S&P lost 46%, other markets plummeted; U.S. Treasuries and gold were the only major asset classes to gain.
Continue Reading »