Hedge fund managers aren't concerned about the sharp price drops of Fannie Mae and Freddie Mac stock this week while waiting for a bigger payday.» Read More
QE2 sounds like something out of a Star Wars movie. One of my kids who overheard me talking about QE2 thought it was C3PO's brother. When I tried to tell him it was quantitative easing, that was all a six year old had to hear. His eyes glazed, and it was like I was talking Ewok.
Too bad QE2 wasn't a guarantee that the force of the Jedi would be behind it and save the day. This is what economists and CEOs are debating as the important two day Fed meeting approaches. The economy, while still sluggish, looks "less bad" than it did a year ago. But with interest rates already near zero, just how much oomph can this additional quantitative easing have on the economy? ??
In the first quantitative easing, the Fed purchased some of the bad assets from the banks. But this time the Fed is tackling a different set of economic problems. It's not just bad paper. It's the overall economy that's in need of a serious jolt.
JPMorgan's chief U.S. equity strategist, Tom Lee, said that a "construction boom" seems imminent and should boost stocks.
Global investment management firm Pimco underperformed its peers last month, according to estimates by data tracker Morningstar, following internal strife at the company.
A lot of people think of it as an Old Boys Club but the truth is, Wall Street likes to hire 'em young, says former trader Raj Mahal.