Bloomberg: CPI Inflation Data is a “Lie”
We have long railed against the absurdity of the CPI data. The ridiculous adjustments, the lack of correlation between CPI prices and...
Inflation is Dead? Part II
Last week, we noted that Reports of the Death of Inflation Have Been Greatly Exaggerated. The greenback has been in freefall, and that...
Shock & awe? Or shockingly flawed?
Since we have been discussing the Dollar all week, let’s go to Alan Abelson’s Barron’s column this week, Debasing...
Fear of a Dollar Collapse, part II
Yesterday, we discussed the potential impact of the ongoing weakening of the US dollar. Today, we look at a few printing press Money...
Fears of dollar collapse ?
Saudi Arabia, who usually mimics every FOMC move, has refused to cut interest rates in lockstep with the US Federal Reserve for the first...
I Love the Smell of Repos in the Morning . . .
Last night, I asked the assembled multitudes what was the Fed’s motivation behind their big 50 bp whack. Let me add some spin...
Open Thread: Markets, Inflation, Growth, Recession
Yesterday, I said that the Fed had become Wall Street’s "Bitch". It was toward the end of the post, and I assumed it...
The Lies of Alan Greenspan
William Grieder has the definitive, must read takedown of former Fed Chair’s recent revisionist history/book tour. Grieder writes...
FOMC Statement Changes
A few different ways to parse yesterday’s FOMC Statement:(click each for larger view) Via Bill King: Download FOMC_Rel.pdf Via the...