Greenspan: Yield Curve ‘No Longer Useful’ Gauge Of...
Federal Reserve Chairman Alan Greenspan announced in Congressional Testimony today that the "yield curve was no longer a useful...
Economists React to Fed
Yesterday, the the Federal Reserve Open Market Committee surprsied nobody with their 12th consecutive 1/4 point increase. The WSJ noted...
Ex-Inflation, There is No Inflation
If that title has you confused, than you are probably not a fan of the CPI ex- food and energy, occasionally referred to as...
Inflation Roundup
We’ve been discussing quite a few inflation related issues lately. Here’s an overview: • Inflation/Shminflation an...
Inflation/Shminflation
Barron’s agrees with our assessment that, CPI not withstanding, there is actually some inflation out there. Add Oil and Fed...
CPI versus Core Inflation
This will be the last in our series on inflation for today (hopefully). As we noted earlier, there is historical precedent for Central...
The History of Inflation ex-inflation
Erik points us to this fascinating history of the core rate of inflation (aka Inflation ex-inflation), via the Economist: "Stephen...
Parsing the Fed
The WSJ: The Sept. 20 statement announced that the Fed was raising its key short-term interest rate by one-quarter point to 3.75%, its...
Deficits and Interest rates
Go figure: Deficits matter: " . . . [T]he nation’s budget deficit is a cinch to go from merely staggering to positively...
Its Gold Jerry, Gold!
There’s an interesting debate today on Gold at Real Money. Some people actually think that Gold reflects future expectations for...