Fed Forced to Rethink Next Move

2
Apr

First Quarter Commentary – 2015:

Six years of easy money conditions have propelled a huge run up in equity prices and corporate bonds and once the U.S. Federal Reserve’s tide of seemingly endless liquidity pulls back, no one knows quite how the world’s financial markets will react. Or as Warren Buffett memorably quipped: “Only when the tide goes out, do you discover who’s been swimming naked.”
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