| The KUIK Closing Market Report for Wednesday, May 6: | |||||||
| Markets were down. | |||||||
| Index | Direction | Change | Units | Index | Time | Change | |
| Dow | Down | (85) | points | 17,843 | 7:11 AM | ||
| S&P500 | Down | -0.4% | percent | 2,080 | (0.38) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,920 | 6.75 | ||
| 30 Year Treasury | Up | 8 | Basis Points | 2.99 | Annual Yield | ||
| It is a challenge for regulators to identify bubbles, said Esther George,president of the Kansas City Fed, today at a conference sponsored by The Institute for New Economic Thinking. By the time everyone agrees there is a bubble, “you have generally waited too long.” This puts pressure on policy makers to smoothly unwind the bubble. George is not a voting member of the Fed policy committee this year. She has been warning that zero interest rates could spark financial instability since 2013. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/feds-george-identifying-bubbles-is-always-murky-territory-2015-05-06 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||