Why didn’t we think of this? For years, we’ve been criticizing the Federal Reserve Board for buying too many bonds, keeping interest rates too low, boring us with talk about…
Bazooka or Blunderbuss?
Any day now, it seems that European Central Bank President Mario Draghi’s full head of hair will migrate to his chin and turn gray, as the central banker morphs into…
The Inflation Straw Man
“When real interest rates start to move up, that’s when the crisis could hit.” …
Another Year of ZIRP?
When the economy recovers, interest rates will go up, right? That’s been the Federal Reserve Board’s line for years now. Yet as the Fed gushes about an allegedly booming economy,…
Swiss Diss
“It is said that the Swiss love only money … this is not true. They also love gold.” …
Land of the Setting Sun
Let’s pretend that the United States economy is a football team. The coach calls the play. The running back runs right up the middle and is thrown for a loss. …
Why It’s Called “the Almighty Dollar”
It may be a good time to plan that European vacation. The long-weak dollar is gaining strength again, which means you may be able to afford good food, good wine…
QE RIP
So the Federal Reserve Board has made it official. This is the end of quantitative easing. It’s quits for QE. Bond buying has gone bye bye. Quantitative easing has been…
More Consideration of “Considerable”
Yes, we’ve already discussed the word “considerable” at considerable length, in relation to its use by the Federal Reserve Board in its recent policy statement. But apparently we are on…