ISM Index of Manufacturing in US Rises
Despite unrest in Egypt the markets are looking towards further economic expansion. Hurdles remain, but confidence continues to improve. (Click here to read Bloomberg.com article)
The Fed
The Fed’s role in the recent financial crisis is unprecedented. While there is no doubt they staved off a true collapse of our financial system, there is also no doubt that they wield significant power over our capital markets that truly tests the principals of “free markets”. A few quotes from the article below are worth noting: ““The Federal Reserve followed sound risk-management practices in administering all of these programs,…