Lowering interest rates is not necessarily a bad thing. It can make borrowing cheaper, which – at least in theory – will stimulate business investment. It can weaken the dollar,…
Why Home Ownership Is At a 50-Year Low
After eight years of historically low interest rates, and with the unemployment rate having fallen to a point near what experts consider to be full employment, it would be logical…
Rates Rising, Yet Bond Buying Sets Record
Rising interest rates, higher inflation and tighter monetary policy should be bad news for bonds. Yet investors have been buying record volumes of new bonds. Highly rated U.S. companies issued…
All You Gotta Do Is Act Naturally
The U.S. Supreme Court isn’t the only influential government entity that President Trump will have an opportunity to make his mark on. The Federal Reserve Board will likewise bear the…
Strength Isn’t Always Good
With the dollar strengthening rapidly relative to other currencies, in part as a result of Donald Trump’s election victory, consider this irony: The price of imports will fall, making them…
The Apolitical Fed and the “Big, Fat, Ugly Bubble”
“ … nothing at the Fed is political.” …
Deceptive Pricing
If you had to believe one of the following people, who would you choose? Heather Bresch, CEO of Mylan, makers of the EpiPen: “The misconception about our profits is understandable,…
Doubling Down on Bad Ideas
Uh oh. Until now, about the only thing good you could say about the Federal Reserve Board in recent years is that it hasn’t followed central banks in Europe and…
The Fed’s Multi-Trillion Dollar Ponzi Scheme
“You loan me ten bucks. I photocopy the bill four times, give you back one of the copies, and announce that we’re square. That’s monetizing the debt.” …
Grading on a Curve
“We do not target the level of stock prices. That is not an appropriate thing for us to do.” …