Tag Archives: federal reserve
Larry Summers Wants to Give You a Free Lunch
The existing capital stock continues to be frittered away at the expense of savers and retirees. Nonetheless, central bankers don’t give a doggone about it. This, after all, is one consequence of roughly eight years of near zero interest rate … Continue reading
Down Goes the Hopes and Dreams of Three Generations
The yield on the 10-Year Treasury note’s accelerating its descent toward zero. The last we checked the yield was at about 1.56 percent. But in every practical sense, for income investors, a yield of 1.56 percent may as well be … Continue reading
Guided By Nonsense
“Read the directions and directly you will be directed in the right direction.” — Lewis Carroll U.S. consumers are at it again. After a seven year hiatus they’re once again doing what they do best. They’re buying stuff. According to … Continue reading
Deficit Spending is Not the Answer
Central bankers and monetary adherents the world over are united in the common grouse that fiscal policy is lacking. Grander programs of direct stimulation are needed, they grumble. Monetary policy alone won’t cut the mustard, they gripe. Hardly a week … Continue reading
