Frustrated Fed calls out consumers for saving too much

<i>Breakfast with Benjamin:</i> The Fed now says consumers are saving too much. Plus: SEC reforms add risk to money market funds; considering a worst-case-scenario for economic growth; what Eric Cantor brings to Wall Street; and another case for long-short equity investing.

SEP 26, 2014

By Jeff Benjamin

When all else fails, blame the consumer. Six years into one of the most aggressive monetary programs in U.S. history, the Fed is now pointing to consumer saving habits as the cause of the stubbornly-low inflation. Banks aren't the only ones sitting on piles of cash
The SEC's money market fund reforms will introduce a new set of headaches for 401(k) plan sponsors. Dealing with a floating net asset value. When money market funds are deemed too risky for company retirement plans
What if demand for goods and services never returns to pre-2008 levels? An honest assessment of what is keeping the U.S. economy down. The educational attainment of the U.S. workforce has plateaued
Eric Cantor's move to Wall Street. What exactly is the boutique investment bank hoping to gain by hiring the former House majority leader? No wonder the electorate is so cynical
Another argument for long-short equity investing. How the movement out of fixed income is making everything more volatile

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Frustrated Fed calls out consumers for saving too much

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