The SEC has sanctioned the use of risk-return predictive software as a sales aid by NASD registered representatives, as long as disclaimers are displayed. (See PDF file) Each forecasting tool must be accompanied by a description of the criteria and methodology used, including the tool’s assumptions and limitations. However, the reverse side of regulation is […]

In financial circles, discussion about the economy often is between people who believe that the federal reserve bank has power to control interest rates and inflation. Arguments revolve around how fast the Fed should raise rates so as to hold down inflation without choking off business recovery. For many, it is comforting to assume that the […]