Tag Archives: federal reserve
The Solution to Deflation
The stock market laid another egg yesterday. We won’t dwell on it much. Only enough to make the observation that change is in the air. You can see it. Feel it. And even smell it. Nonetheless, being prepared for it … Continue reading
Buyer’s Remorse
The stock market was clobbered on Tuesday. The DOW sold off 272 points. What did it mean? Was it an indicator the market is finally rolling over, as we’ve anticipated for some time? Or was it just another head fake … Continue reading
Pouring Buckets of Ice Water on the Fed’s Delusion
Just two weeks ago President Obama said it would be unlikely if we had a case of Ebola virus in this country. On Tuesday the Center for Disease Control and Prevention confirmed the first known U.S. Ebola virus case. No … Continue reading
The End of Extend and Pretend
About 60-years ago twentieth century economist Hyman Minsky developed his Financial Instability Hypothesis. His main premise was that economic stability breeds instability. How’s that possible? As Minsky observed, financial crisis follow periods of economic stability and prosperity. Moreover, it’s these … Continue reading
