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The financial environment facing U.S. investors in the year ahead will involve some very close calls.
My eyesight isn’t what it used to be.It’s not quite as bad as my wife thinks it is, but if I’m watching a football game or trying to read slides from the back of a room, I now don a pair of specs.
On Wednesday, the Federal Reserve will conclude its September policy meeting. Futures' markets have priced in a high probability that they will cut the federal funds rate by 25 basis points and this is likely what they will do. However, there are at least six good reasons why they shouldn't.
In my admittedly conservative opinion, modern rackets have diminished the game of tennis as a spectacle. Booming serves from both opponents have led to fewer competitive games, with many sets turning into a rather dull march to six-all, ending in a tiebreaker. Now, there isn't any need for a tiebreaker in analyzing the long-run prospects for the U.S. economy since it really isn't a close call.
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