The idea was logical enough. Reduce interest rates, making housing more affordable, which would produce a recovery in the housing market. The housing market was at the heart of the…
Bet You Can’t Count to a Quadrillion
When someone uses “quadrillion” in a headline, you know you’re in for a bit of an alarmist rant. We’re talking 1,000,000,000,000,000, which, stated another way, is a thousand million million. …
Brady Plot Puts U.S. Economy on Verge of Deflation
The Federal Reserve Board – which may be the smartest deliberative body on the face of this earth – bought more than $3.5 trillion in bonds in an effort to…
How Low Can You Go?
The weather has done it again. The U.S. Bureau of Labor Statistics last week reported annualized growth of a piddling 0.2% for the first quarter of 2015. The culprit, of…