What a Day! Each trading day, on the closing bell, we discuss the significant economic events, earnings reports, and financial news which impacted today's markets. Join me, won't you?
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episode 2816: Are The Bears Returning To Wall Street?
For months, the Biden Administration and the Federal Reserve have told us that this Economy is just like Goldilocks. The tale of a little girl who finds that breakfast has been served. And what's more, it's "just right." Like the Economy, it's not too hot, and it's not too cold. President Biden tells us that we're "building back better." Over at the Federal Reserve, Jerome Powell tells us that endless monetary tightening will solve the inflation problem without causing undue slowing in the Economy. It's all "just right."