In The WSJ, Matthew Rees discusses George Gilder’s book “Knowledge and Power”.
At Forbes.com, Ralph Benko writes about how the Republican National Committee, Cato, and Heritage are promoting the Brady-Cornyn Centennial Monetary Commission to restore economic growth.
On CNBC, Rob Insana believes the Fed has moved on to “qualitative teasing”.
The WSJ asks what it will take for the Fed to raise rates.
On USA Today, Adam Shell reports the street is eager for Yellen’s first Fed announcement.
On Businessweek, Joshua Brustein says if bitcoin remains impractical, the treasury will let it be.
From TGSN, Ralph Benko wonders if Leprechauns are the culprit behind the slow repatriation of Germany's gold, in honor of St. Patrick’s Day.
On The Kudlow Report, panelists weigh in on how to grow the economy.
From the Washington Post, Vladimir Putin attributes jumpy Russian stock market to the Federal Reserve's pulling funds from the developing to the American market.
Now, the stock market. As you may know, the stock market was jumpy even before the situation in Ukraine deteriorated. This is primarily linked to the policy of the US Federal Reserve, whose recent decisions enhanced the attractiveness of investing in the US economy and investors began moving their funds from the developing markets to the American market. This is a general trend and it has nothing to do with Ukraine. I believe it was India that suffered most, as well as the other BRICS states. Russia was hit as well, not as hard as India, but it was. This is the fundamental reason.
As for the events in Ukraine, politics always influence the stock market in one way or another. Money likes quiet, stability and calm. However, I think this is a tactical, temporary development and a temporary influence.