Tag Archives: federal reserve
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
So Long Ben, and Thanks for All the Memories
Outgoing Fed Chair Ben Bernanke took a moment last Friday to bid farewell. With his final speech as Fed Chair, he endeavored to clarify exactly what he’s been up to over the last eight years. Many topics were touched upon; … Continue reading
