Wednesday’s selloff on Wall Street can be laid primarily at the feet of the Federal Reserve.

Amazon, the largest Internet retailer in the world, purchased Kiva Systems, a robotics company specializing in shipping goods, in 2012, and it transformed, and continues to transform, the company.

Thanks to the Trump tax reform, major corporations with billions held overseas are bringing those billions home to be reinvested here.

The trade tariff strategy being implemented by Trump involves patience. For this group of American companies, their patience is wearing thin.

The latest report from the Federal Reserve Bank of New York triggered all manner of financial anxiety: U.S. household debt is at an all-time high, and savings are near an all-time low. How bad is it really?

 

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