Another quarter, another meeting in which the Federal Open Market Committee decided interest rates should stay near zero just a little bit longer.
In light of the turmoil that shook up the markets beginning in late August, and growing worries about the economy in China and across the developing world, the FOMC decision surprised nearly no one — save perhaps Wharton professor Jeremy Seigel, who predicted otherwise in a CNBC interview earlier that week.
Meanwhile, advisor Douglas Boneparth chats about financial sexiness, Bloomberg ETF analyst Eric Balchunas knows what America really runs on, and someone at CNN thinks "Is the pope a Catholic?" is a question to be taken literally.
12B-1 fees are ~$12 billion/year, U.S. box-office receipts are $10B and NBA revs are $7B. H/t @abnormalreturns http://t.co/vReCIvHgEE
— Irrelevant Investor (@michaelbatnick) September 29, 2015
Q2: This tweet will def. come back to haunt me, but I think I am one of the most financially sexy people around. Hey, you asked. #MCChat
— Douglas A. Boneparth (@dougboneparth) September 25, 2015
@ReformedBroker @lopezlinette pearl jam is to bankers what lynard skynard is to auto mechanics. What they sing when drunk
— Chris Arnade (@Chris_arnade) September 25, 2015
America doesn't run on Dunkin', it runs on drugs. This ETF's 420% return proves it. My latest… http://t.co/RDThnMzwKy via @business $PJP
— Eric Balchunas (@EricBalchunas) September 23, 2015
CNN reporter just explained that while Pope Francis isn't making any appearances tonight out of respect for Yom Kippur, he is not Jewish.
— Jonah Freedman (@jonahfreedman) September 22, 2015
