Jeffrey Pfeffer, professor of organizational behavior at Stanford Graduate School of Business, published a study of behavioral patterns dealing with uncertainty. His paper is entitled Intertemporal Uncertainty Avoidance….
The Federal Reserve (FED) ended quantitative easing (QE) in October 2014. It is expected they will begin to sell the bonds they acquired during the QE programs in the fourth quarter (tapering). The FED is not the only bank in this global town….
The price of money impacts the value of almost every major asset. Excessively low priced money can create asset bubbles like we saw in 2000 with technology stocks or in 2007 with home values. The Federal Reserve manipulates the price of money to influence inflation rates, job growth and economic output….