Economy

How Badly Will Millennials Get Burned When Stock Markets Crash?

Stock market rallies in recent days have been characterized by wild price gains on the flimsiest of positive news. For instance, publication of the results of a vaccine trial on eight people raised such hopes for a coronavirus vaccine that stocks gained over 900 points. Yet there was no...

Negative Rates: Coming Soon to a Bank Near You

Last week saw an unprecedented market freakout, as markets began pricing in the likelihood of negative interest rates in the future. Futures markets anticipated negative rates as soon as November, which sent bond yields plummeting. While Fed Chairman Jay Powell has long stated that the Fed won’t take interest...