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February 14, 2017 | Yellen’s Idea of a Heated Economy

Rick Ackerman

Rick Ackerman is the editor of Rick’s Picks, an online service geared to traders of stocks, options, index futures and commodities. His detailed trading strategies have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders. Barron’s once labeled him an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case. He received a $200,000 reward when a conviction resulted, and the story was retold on TV’s FBI: The Untold Story. His professional background includes 12 years as a market maker in the pits of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barron’s to The Antiquarian Bookman to Fleet Street Letter and Utne Reader.

Yellen aggressively talked her book Tuesday, asserting that the economy looks so hunky-dory that those rate hikes she keeps promising are absolutely, definitely, positively coming. Let’s see if she changes her tune when the housing and auto sectors turn down, as appears all but certain. Substantially higher mortgage rates coupled with rising prices caused by tight supply have already killed off first-time buyers and the re-fi market. More recently, some of the biggest players in commercial real estate have begun to pull back from the massive bubble they created in the residential rental market.

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February 14th, 2017

Posted In: Rick's Picks

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