Why This Isn’t Stagflation
For some reason, the word stagflation keeps creeping back into the lexicon. It really shouldn’t be. As we have noted for quite some...
Inflation Confined to Rest-of-the-World, Avoiding U.S.
The United States has this fascinating relationship with inflation — there is this school of thought that if we disrespect it,...
Fed Says What It Means — No Interest Rate Cut
"It took the Fed three attempts after the March 20-21 Federal Open Market Committee meeting — the FOMC statement issued the...
Globalization & Inflation
As noted yesterday, Traders were none too happy with BB’s testimony, setting them straight on the errors of their ways last...
Bernanke Testimony
Ben Bernanke is testifying on "The economic outlook" before the Joint Economic Committee, U.S. Congress (Text of speech here)....
What is the Fed Really Thinking?
Last week’s rally was ignited by a simple change of phrasing in the FOMC statement. Market took that to mean not only that...
The Patient’s Improving, For Now
Kopin Tan has taken over the weekly Trader column duties from Mike Santoli: "THE PROGRESSION OF ILLNESS FOLLOWS a typical arc:...
Neutral Bias?
Caroline Baum reminds us that "Neutral Bias is an oxymoron." She is correct — Neutral is the absense of bias, not a bias...
Not All Rate Cuts Are Created Equal
Yesterday, the FOMC statement dropped the phrase from the January statement: "the extent and timing of any additional firming that...
Parsing the Fed
The WSJ does their usual thorough job in parsing the Fed’s Statement: click for full story Source:Inflated Inflation...