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The Chicago Fed went for a more Shakespearean style, tweeting, “To raise, or not to raise? That is the question.”. Fed banks, economists, and others have delivered annual #Fedvalentines via Twitter most years since 2012, when Ben Bernanke was Fed chair and policy stimulus was the punch line of many a stilted rhyme. At its peak, the hashtag had hundreds of tweets with all kinds of rhyme schemes and musical references gold cufflinks tanishq. Unlike what are probably the most famous tweets about the U.S. central bank — barbs from U.S. President Trump, including, on Christmas Eve 2018, “the only problem our economy has is the Fed” — Thursday’s Fed tweets were benign..
The New York Fed issued a series of postcard-style love notes to Long Island, Puerto Rico, and other places across its district. The St. Louis Fed tweeted about a data series tracking the price of chocolate, and linked to a 2006 take from the Richmond Fed on the economics of marriage. The Minneapolis Fed took a more policy-oriented approach with its tweets, including, “Love is warm, so is a cup of tea, but we need big banks, to hold lots more equity.”. “We were inspired by past Fed Valentines and thought it would be fun to turn our thoughts on policy into poetry,” Minneapolis Fed spokeswoman Alyssa Augustine said, adding that the tweets were part of an effort to “create a more approachable image for the Fed.” gold cufflinks tanishq.
Augustine’s personal effort read: “Roses are red, it’s long been our canticle, that many big banks, should hold at least 23% capital. Atlanta Fed did not tweet any love notes, and indeed delivered a downer: it slashed its GDP forecast for the fourth quarter to 1.5 percent, from 2.5 percent a week ago. But it got into the swing, changing its Twitter profile to sport a red heart. And the Richmond Fed? “Roses are red, violets are blue,” it tweeted, with a photo of its chief Tom Barkin gold cufflinks tanishq. “Who’s our favorite FOMC policymaker? It’s you!”..
(Reuters) – Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Thursday criticized active fund managers, bankers and even Elon Musk as he urged investors to court simplicity and temper expectations for future returns. Munger, 95, often provoked laughter as he fielded questions at the annual meeting of Daily Journal Corp, the Los Angeles newspaper publishing company he chairs, though he is better known for his four decades as a Berkshire vice chairman gold cufflinks tanishq. Berkshire now owns more than 90 businesses in the insurance, energy, railroad and other sectors, along with dozens of stocks. Many critics have said its girth has made it tougher for the Omaha, Nebraska-based company and its stock to outperform..
Munger said that is also true in the stock market, where the average professional stock picker does not outperform lower-cost funds that track indexes such as the Standard & Poor’s 500. “For another considerable period, index investing is going to do better than active stock picking,” Munger said at the meeting, which was webcast by CNBC gold cufflinks tanishq. Berkshire has performed better than average because “we’ve tried to do less,” Munger said, though he expects even its stocks holdings will not return a blowout performance..