Charles Payne
Earlier this week, I began an interview on Fox Business by asking the guest if the market had entered into some kind of Pax Romana period. It wasn’t a planned question; it just popped into my head since I knew the guest was bullish on the market. Yesterday another guest described a backdrop for the Fed that wasn’t deflationary or inflation which gives them room to risk zero percent interest rates for the next three years. While the stock market has been anything but peaceful for the past decade and major economies face serious treats, the world itself may be entering a modern version of Roman Peace.
It is certainly counterintuitive in light of American’s two wars, the one we sponsored in Libya, the Arab Spring and the general notion the planet is spinning out of control.
Read more: http://finance.townhall.com/columnists/charlespayne/2012/01/28/pax_americana
Earlier this week, I began an interview on Fox Business by asking the guest if the market had entered into some kind of Pax Romana period. It wasn’t a planned question; it just popped into my head since I knew the guest was bullish on the market. Yesterday another guest described a backdrop for the Fed that wasn’t deflationary or inflation which gives them room to risk zero percent interest rates for the next three years. While the stock market has been anything but peaceful for the past decade and major economies face serious treats, the world itself may be entering a modern version of Roman Peace.
It is certainly counterintuitive in light of American’s two wars, the one we sponsored in Libya, the Arab Spring and the general notion the planet is spinning out of control.
Read more: http://finance.townhall.com/columnists/charlespayne/2012/01/28/pax_americana
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