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.” …
It “Eats Societies Alive”
“Oh, no!” you’ve probably been thinking. “The cost of filling my gas tank dropped again!” Falling prices are a good thing for the cash-strapped American consumer, whose income on-average has…
Inflation Is Too Low? Tell That To American Consumers.
We’ve explained in the past how the federal government puts a yellow smiley face on its unemployment figures by excluding Americans who have given up looking for work and including…
Mario the Magnificent
It will take more than higher prices to cure what ails the European economy, but Wall Street reacted to the European Central Bank’s inflation-boosting efforts by setting new records yesterday.…
Century Old Fed Has Inflationary History
With the Federal Reserve Board celebrating its 100th birthday, it’s a good time to look back on the past century to see how The Fed has fared. We’ve been critical…
Getting Your Bond Portfolio in Shape for 2014
It’s time to start thinking about New Year’s resolutions. It’s an American tradition to resolve to lose weight, exercise regularly, be nicer, work harder and give up everything you enjoy.…
The Queen of QE
Amidst a government shutdown, a debt-ceiling crisis and other assorted financial turmoil, President Obama this week nominated Janet L. Yellen to chair the Federal Reserve Board. As a Keynesian economist…
The Beat Goes On
From a future article in The New York Times: Janet Yellen, retiring chair of the Federal Reserve Board, announced that The Fed’s quantitative easing program, aka QE12, is close to…
The End of QE?
The Fed’s quantitative easing program has been like that endless tub of popcorn or vat of soda that those with large appetites buy at the theater. It goes on and…