Market complacency

This Week with J. Mark Nickell & Co. – May 14, 2014

The prospect of interest rates remaining low for longer has become clearer in the first 100 days of Janet Yellen’s leadership at the Federal Reserve.  At the same time the threat of new asset bubbles forming may have become more pronounced.  These are views expressed by faculty at the Wharton Business School.  While tapering of

This Week with J. Mark Nickell & Co. – January 8, 2014

In a much anticipated statement, the Federal Reserve on December 18 announced a change in monetary policy—that it will begin to taper its large scale asset purchase program.  The statement was coupled with additional guidance that interest rates will stay low for a considerable period.   The statement’s impact is more a tweak than a decisive