History of the FedThe Federal Reserve System (“Fed”) is the central bank of the US. It was established by Congress in 1913 in the wake of the Great Depression with the primary functions of conducting the nation’s monetary policy, maintaining stability of the financial system, and supervising and regulating banking institutions. The Fed is considered…
The Parental Responsibility: How are we doing? In school our kids are taught a lot of subjects, but financial literacy is not one of them. What is the value of money? What is the time value of money? What is the difference between simple and compound interest? The teaching of financial literacy, like morality or…
Looking Back is 20/20…22 While both stocks and bonds have been recovering since the trough in October of last year, it is the performance of the US stock market that warrants more discussion, in particular: 1) market sentiment and 2) market concentration. Sentiment Market sentiment is the dominant attitude of investors, and it can be…