Even if it were wrapped in shiny paper with a big red bow on it, virtually everyone would have guessed at this year’s Christmas present from the Federal Reserve Board.…
Nothing Lasts Forever
If the Federal Reserve Board has used all of its policy tools during the current expansion, what happens when there’s a recession? That’s a question worth asking, even as the…
The Big Disconnect
Imagine being stuck in a blizzard. You look out your window and can see the snow piling up outside, yet the meteorologist on your TV is forecasting continuing sunshine and…
Taper Tantrum Two
Call it Taper Tantrum Two. Two of the 12 members of the Federal Open Market Committee suggested on Thursday that it’s time to raise interest rates, causing the Dow Jones…
A Way Out for the Fed
The economy grew at a tepid rate of 1.5% during the third quarter. More than 100 million Americans aren’t working. And the inflation rate is near zero. That’s after seven…
ZIRP Everlasting
Some things never change. Apparently, the interest rate for Federal funds is one of them. To the surprise of no one – except the “experts” and journalists who have been…
Place Your Bets
“What mighty Contests rise from trivial Things … ” Alexander Pope, The Rape of the Lock …
Correct Yourself
Last week was a tough week for investors, given that the market dropped for six consecutive days. It was an even tougher week for financial advisors and investment managers who…
Yellen’s Soliloquy: To Raise or Not to Raise
To raise, or not to raise – that is the question: Whether ’tis nobler in the mind to suffer The barbs and insults of outraged pundits and journalists Or to…
Maybe the Fed Is Just Lazy
Just last month we reported that the Federal Reserve Board’s policy statement was almost identical to its previous policy statement. Now the Fed has issued another policy statement – and…