The Fed’s non-tightening tightening
Let’s see. The Fed hiked a rate even though it wasn’t the policy rate. The Fed shortened a term even though it wasn’t the...
What Can the Market Tell Us About Surprise Fed Action?
As noted yesterday and earlier this morning, the surprise Fed discount rate hike has everyone guessing as to the motivations: •...
The Future of Public Debt
From the BIS, a paper on the future of public debt, some lucid and helpful musings on the entitlement mess on the other side of the...
Futures Down on Fed Surprise
Yesterday’s surprise hike in the discount rate has US futures sharply lower, though the rest of the trading bourses seem hardly...
Bill Gates on energy: Innovating to zero!
At TED2010, Bill Gates unveils his vision for the world’s energy future, describing the need for “miracles” to avoid...
Unusual and Exigent: My First Year at the Fed
Unusual and Exigent: My First Year at the Fed Governor Elizabeth A. Duke At the Economics Club of Hampton Roads, Norfolk, Virginia...
Open Thread: Where to Stimulus Spend . . .
After reading yesterday morning’s discussion “Deficit Hawks Want New (or double dip) Recession,” a friend emails the...
Fed Raises Discount Rate 25 BIPs
The Federal Reserve just announced they are increasing the primary credit rate (generally referred to as the discount rate) from 1/2...
