Marketplace’s Paddy Hirsch takes to his whiteboard – with some help from three little pigs – to explain one of the suggested methods of tackling the European debt crisis:
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Ongoing tensions between the US and Iran have investors reexamining their risk exposures. The hawkish developments occur just as Kevin Warsh gears up in his first week at the helm of the Fed, with stocks extending their fall from Friday.
To address inflation, the Fed’s primary tool is short-term interest rates
Stocks rallied last week with growing confidence over reaching a deal on raising the debt ceiling and avoiding a technical debt default by the U.S.
The situation remains fluid, and volatility can work in either direction. But if you’re expecting the cavalry to ride in to save the markets from themselves, don’t.