There are various headlines throughout the week that have reported that Ben Bernanke plans on taking his foot off the accelerator of printing money. Some analysts have reported that the Tapering of printing money is giving a green light for investors to buy stocks. Overall, many are reporting that the printing of money is in fact a problem. The Fed is printing approximately $85 Billion a month which is helping to yield only about 2% in economic growth. Has this tapering news caused the market to go down earlier this week? Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business’ Varney & Co. to discuss that if you manage money properly not everything is tied to the stock market regardless of how the stock market is reacting.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.