Investors’ forecasts of rate hikes are well below those by Fed governors. “And it wouldn’t be good” if the gap gets closed “with great rapidity,” frets Fed Governor Lacker.
Tech companies are on a white-hot acquisition binge, swallowing anything that isn’t nailed down. But layoffs have started soaring. And it’s getting worse.
Barron’s, 2007: “Against this troubling backdrop, it’s no wonder investors are worried the bull market might end in 2008. But Wall Street’s top equity strategists are quick to dismiss such fears.”
