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...
Recession End Does Not Mean All Sectors Recover Equally
Yesterday, we noted that the Fed seems to have declared the end of the recession based upon Industrial Production (Federal Reserve...
Is Gold a Crowded Trade?
Paul Brodsky & Lee Quaintance run QB Partners, a private macro-oriented investment fund based in New York. > Investing in gold is...
Taibbi: “The Best 18 Months of Grifting This Country Has...
I have a few quotes in Matt Taibbi’s no holds barred look at Wall Street’s profits and bonus culture. It is classic Taibbi,...
Coming Soon: Chapter 9 Municipal Bankruptcies
“People believe that municipal debt is safe based on assumptions that are no longer true.” -Kenneth Buckfire > The above...
Does Greece in 2010 Foreshadow a Financial 2012?
Good Evening: U.S. stocks closed higher once again on Wednesday, though with quite a bit less zest than they displayed yesterday. Though...