BLOG

by Erich Schwerd

The FOMC Yesterday, September 17, 2015, the Federal Open Markets Committee opted to not raise rates from zero.  The federal funds rate, which the rate that the FOMC controls, is the interest rate that the federal reserve charges banks to keep their money at the...

by Erich Schwerd

The Price of Oil Oil prices have dropped precipitously in the last few months.  Today, January 12, 2015, oil dropped to below $46 at the close of business.  You know what it means to your wallet, but how does this affect the markets? It is very difficult to tell what...

by Erich Schwerd

Why Bitcoin is Newsworthy Bitcoin has been in the news lately, but the anchors themselves ask after every bit, why is this in the news, since it only concerns a few people and has nothing to do with the greater economy. Well, Bitcoin is relevant, and is an important...

by Erich Schwerd

Shipping and the Economy Shipping and the Economy I love going to Savannah to watch those huge container ships glide down the river on their way to the ocean and their next port of call. I always wonder what is in those containers? What came off the boat, and what...