Market Update
On Tuesday, March 3, the Fed cut the target Fed Funds rate by 0.5%, in what we thought was an unwise move. T-Bill rates were somewhat trading a below the…
As Fed Founders, Get Ready for More Radical Monetary Policy
Last week, the Federal Reserve left unchanged its benchmark federal funds rate, with Fed Chairman Jerome Powell declaring the US economy to be "on a good path." This article is…
Its Fed Day Today
The Board of Governors at the Federal Reserve is wrapping up their November meeting where they discuss the state of the economy and their next move with interest rates. We…
Just How Big Can This Bubble Get?
Yesterday, equities ripped higher on the hope/expectation that tax reform, the gift that keeps on giving to equity investors, was one step closer to getting passed. We know we are in…
Fed’s Yellen expects no new financial crisis in ‘our lifetimes’
The statement of public figures tells us a lot about conventional wisdom. In our views, government and regulatory bodies are "consensus" entities. That is to say, their statements have more…
A Mises Moment: Balance Sheet Normalization, Or Not
Our readers know that we have concerns about the wisdom of Quantitative Easing and the FED’s (and the ECB’s) Zero Interest Rate Policy. The Austrian School of Economics argues that…
Hello Equity Market Volatility
This article is for registered members - please login or click here to subscribe or register for free.
It’s FED Week: What’s Next?
This article is for registered members - please login or click here to subscribe or register for free.
The FED Does Not Set Interest Rates & Is Not Data Dependent
If you listen to the investment strategists, fixed-income specialists, financial press, politicians, and employees of the Federal Reserve System, you would think that interest rates are under control of the…