Posts archive for Jul 2023

If the business is down, why stock market is going up?

Hey folks! So, you're probably scratching your heads, wondering why the stock market is partying like it's 1999 when businesses are singing the blues. Well, let me tell you, it's a bit like seeing your grandma hit the dance floor at a wedding - perplexing but entertaining! You see, the stock market is a forward-looking beast, it's always got its eyes on the future, not the present. So, even if businesses are going through a tough time, the stock market might be seeing sunshine and rainbows on the horizon. So, while businesses are feeling a bit 'Monday', the stock market is all 'TGIF'!

How do I get news on the stock market?

Oh boy, strap in folks, because getting news on the stock market is quite the thrilling roller-coaster ride! First, you've got the traditional newspapers like the Wall Street Journal, which I like to read while enjoying my morning coffee. Then, there's the magic of online resources like Bloomberg, CNBC, or Yahoo Finance, where I can get a play-by-play of the market. Don't forget about those nifty mobile apps, such as Robinhood or E*Trade, they're like having a stockbroker in your pocket! And lastly, you can't overlook the power of social media platforms for real-time updates - Twitter's my go-to for those hot stock tips!

How is the federal reserve controlled, or who controls it?

The Federal Reserve, often referred to as the Fed, is primarily controlled by a board of governors. These seven officials are nominated by the President of the United States and confirmed by the Senate. The board is autonomous from the government, yet is accountable to Congress. In addition, there are 12 regional Federal Reserve Banks, each with its own president, who contribute to the Fed's policies. The system was designed this way to balance the competing interests of private banks and public oversight.

Why does the Fed meet annually in Jackson Hole, WY?

Every year, the Federal Reserve (Fed) heads to Jackson Hole, Wyoming for an annual meeting. This tradition started in 1978 when the Kansas City Fed was looking for a place to gather that was away from distractions. Jackson Hole was chosen for its remote, yet beautiful location, providing a setting that encourages open discussions and deep thinking. This meeting is now a globally significant event where monetary policy is discussed and future economic strategies are often hinted. It's kind of like a retreat for the world's financial heavyweights to mull over the state of the global economy.