Fed Criticism Is Cheap, and It’s Mostly Mistaken

Published on August 26, 2024

I have listened to people bellyache about the Federal Reserve my entire adult life: Alan Greenspan lowered interest rates too much after the dot-com crash in 2000. Ben Bernanke printed too much money to bail out banks during the 2008 financial crisis.

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LPL welcomes $150M advisor in Texas

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LPL has grown its profile in the Lone Star State yet again as an entrepreneurial veteran aligns with one of its existing partners.The firm announced Monday that Kelly Compton, a financial advisor based in San Antonio, has aligned his practice with existing firm Client Centric Wealth Management, a part of Upstream Investment Partners.Compton comes to the firm after reportedly managing $150 million

Durable Goods Orders: July 2024

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New orders for manufactured durable goods rose to $289.65B in July, the highest level since November. This represents a 9.9% increase from the previous month and better than the expected 4.0% growth. The series is up 1.3% year-over-year (YoY). If we exclude transportation, "core" durable goods were down 0.2% from the previous month and up 0.6% from one year ago.