February 25, 2019

February 25, 2019

The Markets Investors were pleased with the Federal Reserve’s (Fed) new approach to its balance sheet. The Fed delivered its semi-annual Monetary Policy Report to Congress last week. The report recapped the events of late 2018 and reiterated the Fed’s intention to...
Rediscover Detroit

Rediscover Detroit

Although I grew up in Traverse City, there were five years that I lived in the Detroit area just before and just after we were married, 1987- 92.  By then, Detroit had lost the first-place position of murder capital of the nation, mostly due to the mass exodus of...
February 19, 2019

February 19, 2019

The Markets Why did the stock market do that? The great mystery of stock markets reared its head last week. With no clear driver, the Dow Jones Industrial Average gained more than 3 percent, while the Nasdaq Composite and Standard & Poor’s (S&P) 500 Index...
February 11, 2019

February 11, 2019

The Markets Central banks take a turn. At its first policy meeting of 2019, the U.S. Federal Reserve changed direction. After four rate increases in 2018, Chair Jerome Powell announced interest rates were on hold. Last week, banks in the United Kingdom, Australia, and...
Go Be Great!

Go Be Great!

“Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great.” Mark Twain

February 4, 2019

February 4, 2019

The Markets And, U.S. stock markets celebrated. Last week, the Federal Reserve put itself on hold. The Federal Open Market Committee met on Wednesday, January 30, 2019, to discuss the state of the economy and determine policy. After the meeting, Fed Chair Jerome...