Jerome Powell’s Running Of The Bulls

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For weekend reading, while commenting on the stock market bulls, Louis Navellier offers the following commentary: Q4 2021 hedge fund letters, conferences and more Central banks have a countercyclical role. That’s their job description. Pushing interest rates up or down affects the economy, which is how they have managed to iron out the wide swings in volatility of GDP growth that existed before the creation of the Federal Reserve in 1913. In the old days, helping the economy helped the stock market and the bond market, particularly the risky bonds. However, in the brave new world of quantitati…

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