Tag Archives: federal reserve
The Fed’s Edifice Crumbles Away
There have been many appeals to ignorance over the last several years with respect to the effectiveness of monetary policy. One popular tactic of policy goons is to point to an improved economic statistic – like unemployment – and self-adulate … Continue reading
How the World Becomes Unrecognizable
Ninety three percent of Americans believe Elvis Presley is dead. That means 7 percent believe he’s still alive. The real insight here is that 7 percent of Americans are morons. The secondary insight is that a statistical result of 93 … Continue reading
Lost in Transmission
On Wednesday, Federal Reserve Chair Janet Yellen offered several insights into what she wants you to believe she’s doing. For starters, she wants you to think that, definitely maybe, she will raise rates soon. But not too soon. And certainly … Continue reading
This Market’s Bound to Bust
Sporting events are overrated. Think of the latest Mayweather vs Pacquiao fight. What a dud that turned out to be…twelve rounds of pat-a-cake. We’ve seen harder hits watching the squirrels go at it along the back fence. For any real … Continue reading
