You really stepped in it this time! You know, the little faux pas you made during your first post-FOMC meeting press conference when you gave the markets a flash that the Fed might start moving short rates higher six months after the end of Quantitative Easing (QE). Even though this policy move and its trajectory…
Tag: Steve Leisman
Session 76–“‘Crisis’ is a state of mind”
“Stock market could be hitting dangerous triple top.” With headlines like this you don’t have to be concerned about the integrity of that “Wall of Worry.’ What is even more overwhelming is the lengths to which the authors quoted in this piece would go to make their fearful point. What is a ‘triple top?’ In…
Session 57— “Lipstick On a Pig”
“Lipstick on a pig” is probably one of the more disgusting phrases that has made it into common usage. Leave it to one of the most off-putting, obnoxious individuals in financial television, Rick Santelli, to give us a quintessential example of this tasteless descriptor of putting a smiley face on a bad situation. To set…