Tag Archives: federal reserve
Shattering the Fed’s Hall of Mirrors
“We will develop ambitious but realistic policies with the aim to lift our collective GDP by more than 2 percent above the trajectory implied by current policies over the coming 5 years,” declared the G20 statement. The communiqué was released … Continue reading
Total Abandonment of the Rules of Common Sense
U.S. consumers are doing what they do best. After a six year hiatus, they’re back at it. Consumers are eagerly borrowing money. What’s more, they’re spending it! According to the Federal Reserve Bank of New York, U.S. consumer debt rose … Continue reading
Debt Downgrade Retaliation
There are occurrences of rich irony that require pause and present reflection. One such occurrence emerged from the darkness and into the spot light earlier this week. We could hardly believe our eyes… “A Vatican monsignor already on trial for … Continue reading
Duct Tape Economics
The Labor Department laid a sulfurous egg last Friday. By their calculations, just 74,000 jobs were created in December. The pros thought it would be 200,000. What do they know? This marks the slightest increase since January 2011. Somehow, even … Continue reading
