When I moved to Sarasota, Fla., in 1999, I was invited by a prominent local to an “un-wedding wedding” to make new friends in town. I accepted the invitation and, not wanting to display my ignorance, avoided asking the burning question: “What’s an un-wedding wedding?”
Inevitably, I found out what an un-wedding wedding is. It’s a full-blown wedding, only the host isn’t actually getting married. He or she wants to get married but isn’t – and goes through the motions anyway.
This manipulation of celebratory events to fabricate optimism about a desired future reminds me of the state of housing in the United States today.
We’re in the middle of a tech sell-off, so Shah says now is the time to scoop up discounted shares of Apple Inc. (Nasdaq: AAPL) while you can – the company’s shares are now 9% off their 52-week highs. “The company is just extraordinary in every respect.” Shah told Stuart Varney during his latest appearance on Fox Business.
Shah weights in on how the Apple Watch and the company’s performance in China are going to affect the tech powerhouse’s near-future growth, earnings and share price.
All eyes were on JanetYellen on FedDay to find out if, and when, interest rates were going to be raised. In a recent appearance on FoxBusiness, Shah reveals to Varney&Co. watchers why the word “patient” doesn’t matter one way or another when it comes to the latest statement from the Federal Reserve. Watch the video here.
The interesting news coming out of Federal Reserve Chairwoman Janet Yellen’s Q&A yesterday was her response to a question about bad bank “culture.”
Apparently, it’s not the Fed’s concern.
Yellen said, “While changing the culture of organizations is not something that we can achieve through supervision, we will make sure that the banks that we supervise have appropriate compliance regimes in place.”
So far, the Fed’s “appropriate compliance regimes” let big banks get away with manipulating Libor, foreign exchange markets, metals markets and energy prices.
And that’s just a few of the big cheating regimes banks have lorded over.