Submitted by Lance Roberts of Street Talk Live blog, I have often spoken of the disconnect between Wall Street and Main Street.   While asset prices are inflated by continued interventions of monetary policy from the Federal Reserve, boosting Wall Street profits and widening the wealth gap between the top 20% of Americans and the rest, "Main Street" continues to suffer ...

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. The Reason Financial Geniuses Are Becoming Rare (Advisor One) In its May newsletter, investment firm Research Affiliates says financial geniuses are rare – just as scientific geniuses like Einstein are – and they may be becoming rarer. The firm "worries that the pace ...

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. The Reason Financial Geniuses Are Becoming Rare (Advisor One) In its May newsletter, investment firm Research Affiliates says financial geniuses are rare – just as scientific geniuses like Einstein are – and they may be becoming rarer. The firm "worries that the pace ...

Minneapolis Federal Reserve Bank President Narayana Kocherlakota said Friday that low interest rates could persist for a decade — and that they're still not low enough to boost economic growth. In his latest remarks on the "not-so-great recovery" (available here), Kocherlakota said scaling back the Fed's monetary support for the economy would do more harm than good. "Slight and speculative" ...

CHICAGO (Reuters) - Minneapolis Federal Reserve President Narayana Kocherlakota on Friday repeated his call for the U.S. central bank to commit to keeping short-term interest rates low until the unemployment rate "normalizes." The Fed has said it will keep rates near zero until unemployment falls to at least 6.5 percent, as long as inflation stays contained. But the bank's failure ...