Alan Greenspan surprised many Americans with his recent advice to stock up on gold. Although it's rare to hear such advocacy for gold from a former Chairman of the Federal Reserve, Greenspan's appreciation for gold is far from surprising. In this edition of the Market Report, hear what Will Hart and Jake Kennedy have to say about Greenspan and gold.
These days it seems as though the Fed controls every twist and turn from the financial markets. Ben Bernanke can so much as look at someone the wrong way and the markets will swing wildly. With more and more Americans finding it increasingly difficult to control their own destiny, they're looking for a way to free their savings from this mess. Fortunately, there is one...
The bond market was already on a knife's edge.
Often considered a relatively safe investment, the writing for bonds had been on the wall. Bernanke & Co had kept interest rates down for so long, they'd created such an artificial market for bonds due to their own purchases ($85 billion each month), it had been clear to most that the only thing propping up the bond market was the Fed and their program of Quantitative Easing.
Following Detroit's bankruptcy, municipal bond funds appear to have fallen off that knife's edge and into the abyss. When may other bonds follow suit?