Quote of the Day: Liquidity Trap
Is the Fed out of bullets? I wonder: "When an asset like real estate becomes overvalued, even if you drop interest rates...
FOMC Speech
I simply cannot muster the interest to listen to or read this testimony. Can’t even feign it. Would someone please do me a favor...
Housing and Monetary Policy
Interesting academic work on Housing Prices, Monetary Policy, and Subprime issues from Stanford’s John B. Taylor. ...
Global Financial Crises, Part II: Norway 1987
Yesterday, we looked at 5 Historical Economic Crises and the USA. That discussion led to a reader in Norway referring us to this 2005...
Quote of the Day: Ludwig von Mises
> "No emergency can justify a return to inflation. Inflation can provide neither the weapons a nation needs to defend its...
Whiner of First Resort
Harvard’s Ricardo Hausmann has some tough comments for the US politicians and Fed: Stop whining and take your medicine like a man:...
Open Thread: How About That Fade . . . ?
Mr. Market got the 50 bps he wanted — and after a brief 250 point run up in the Dow, gave just about all of it back. The excuse du...
50 Bps and a Song . . .
FOMC statement: The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 3...
Q4 GDP: El Stinko!
The Advance GDP report was released today, and it came in at half of the 1.2% consensus: 0.6%. This is a measure of Real growth,...
Open Thread: What’s the Fed Gonna Do Tomorrow?
Okay, we know the FOMC ends their 2 day meeting tomorrow, and at 2:15pm, the announcement gets released. What are they likely to do? a)...