Death Spirals and Skinned Knees, by Dawn Bennett
Last week was once again eventful: "America's Greece," Puerto Rico, defaulted for the first time on debt payments; wage growth and earnings reports continued to disappoint; Canada reported that economic growth had shrunk for four months in a row; and the Federal Open Market Committee issued a nearly unchanged statement that hints at interest rate hikes in the near future. It was a week where the Fed once again tried to reassure investors that they would never fall down and...
View full press release