Say What, Janet?
The Federal Reserve (Fed) is beginning to look silly. Not too many weeks ago, its spokespeople, including Fed Chair Janet Yellen, suggested that the economy was resilient enough to warrant […]
Tag Archives: Federal Reserve
Larry Lindsey’s New Book: Conspiracies of the Ruling Class
Lawrence Lindsay distrusts, despises Washington’s best and brightest. He refers to them derisively as a new ruling class. He readily acknowledges that he, having directed President George W. Bush’s National […]
No Recession – No Acceleration
In the six plus years of this plodding recovery, sentiment has swung several times from extremes of pessimism to optimism and back again. A good quarterly figure on the real […]
Fed Debriefing Gives a Glimpse of Future Policy
The research staff at the Federal Reserve (Fed), always active, produced a standout report earlier this year.[i] It amounts to a debriefing on the effectiveness of the extraordinary policy measures […]
Whither Emerging Markets
Once an unquestioned investment favorite, emerging markets have given all a wild ride during the past few years and have generally disappointed. They could not help but do so given […]
Bond Market Illiquidity
Potential problems from bond illiquidity seem to have acquired the status of a fear du jure. That characterization in no way means to belittle popular concerns. On the contrary, if […]
A Delicate Balance
It might remind some of a choreographed duel in a stage play. The Federal Reserve (Fed) and the European Central Bank (ECB) are carefully playing off each other’s moves. The […]
Student Debt Bomb – Far From Nuclear
Student debt problems have received considerable attention of late. The general media has focused on individual hardships and broken dreams. The financial media has focused on how much will likely […]
Impotent Titans
Pity the central bankers. The media from time to time may characterize them as the all-powerful shapers of economic destiny, but in reality they have only the bluntest of policy […]
The Swiss Franc, The Dollar, What Gives?
Not too long ago, the Swiss National Bank (SNB) gave up the peg it had maintained for years between its franc and the euro. Market reaction was sudden. Within minutes […]
Thirty Tomorrows 