Cumberland Advisors Market Commentary – Attack on the Fed, Market Reaction: A One-Day Saga
Sign up for our Market CommentaryAuthor: David R. Kotok, Post Date: January 5, 2021

Dear readers, we narrowly avoided a catastrophe. I use that word because an action by Congress to eliminate or neuter the power of the central bank to intervene as lender of last resort in a crisis is exactly the way to create a catastrophe. The 1929–1933 period of American history is evidence of how a […]