by Andrew Moran | Mar 21, 2021 | Articles, Economic Affairs News
Turkey’s Monetary Policy Committee (MPC) recently completed its March meeting. Officials agreed to increase the benchmark one-week repo rate by 200 basis points to 19%. The move surprised markets, with many expecting, at most, a 100-basis-point boost. The...
by Andrew Moran | Dec 13, 2020 | Articles, Columns, Economic Affairs News, Politics
Joe Biden’s Wall Street Cabinet Since he secured the Democratic nomination, conservatives had speculated that the radical left would use Joe Biden as a patsy to advance the progressive agenda. The Office of the President-Elect has paid lip service to the...
by Andrew Moran | Nov 15, 2020 | Articles, Columns, Economic Affairs News, International, Taxes
Unremember, unremember all of November. Well, at least for the short-sellers in the financial markets. If you bet against the Dow Jones Industrial Average or the Russell 2000 index this month, you probably lost a handsome chunk of change. After Pfizer...
by Andrew Moran | Sep 6, 2020 | Articles, Columns, Economic Affairs News, Politics
Wait one cotton pickin’ minute. The Dow Jones Industrial Average cratered more than 800 points, the S&P 500 fell 125 points, and the Nasdaq Composite Index plunged 600 points. Are we back in March or something? That was what the September 3 trading session...
by Andrew Moran | Aug 26, 2020 | Articles, Economic Affairs News
The punch bowl has been spiked. The stock market has been given cases of Red Bull, the real estate industry is on a sugar high, and Uncle Sam has artificially inflated consumer spending. The barrage of economic data in recent months are inevitably going to pad the...