Tag Archives: federal reserve
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
Worshiping Utterances
The world around us is a strange and wacky place. Even so, it becomes ever stranger and wackier by the day. Just when we think we’ve seen it all…something new appears and creeps us out. For instance, have you seen … Continue reading
What a Remarkable Time to be Alive
Naturally, we’re disappointed. We’d hoped top Fed head Janet Yellen would say something significant from the idyllic setting of Jackson Holy, Wyoming. Namely, we tuned in for a hint of when the federal funds rate, which has been pressed firmly … Continue reading
