Bernanke admits a ‘lapse’
Interesting admission from Fed Chair Ben Bernanke: "Federal Reserve Chairman Ben Bernanke admitted Tuesday to Congress that he made...
Dear God, Please stop talking about 1994-95
Last night, the comparison came up with recent selloff action and 1987. But the more frequent relative comparison from the perma-Bullish...
Read It Here First: Owners’ Equivalent Rent and Inflation
Over the weekend, we discussed the various "shills and montebanks are coming out of the woodwork to proclaim — once...
All Aboard the Reality Express!
Shameless plug: Last October, "The Unpleasant Truth About Inflation" noted all the reasons why inflation was actually much...
The Fed’s New Conundrum: Slowing Housing
Yesterday’ 1/4 point rate hike was no surprise . . . but the thought processes behind it may be. Consider the conundrum left to Ben...
Parsing the Fed
The original Fed statement is here; The WSJ Parses this statement with last month’s: THE FED’S STATEMENTS reflect how the...
To Pause or not to Pause
How bored am I waiting for the next Fed Statement? This bored: To Pause or not to Pause, that is the question: Whether ’tis nobler...
Chart of the Week: Market Performance pre and post-Fed
Mike Panzner observes: "Over the course of the current tightening cycle (comprised of 15 rate hikes beginning in June...
Rising Inflation is a Bigger Tax Bite than Oil
“Rising Oil prices are like a tax.” I’ve heard that canard repeatedly over the years. There are lots of reasons why this is...