Tag Archives: federal reserve
The Clever Fellows of Jackson Hole
The cony-catchers assembling in Jackson Hole, Wyoming, believe the darnedest things. They think they can decide the price of the economy’s most important component – its money – better than the market can. Moreover, by low-balling the price of money … Continue reading
The Fed’s Hands are Tied, For Now
The stock market’s on a six week win streak. What’s more, from June 4 through last Friday the DOW’s up 9.7-percent. Can you believe it? We thought the stock market would meltdown this summer like Charlie Sheen following a weekend … Continue reading
How to Sleep Well During the Great Dollar Panic Ahead
Periods of epic price deflation have occurred several times in American history. The Great Depression, of course, is the only period still within living memory for some. But peering back another 100 years, there’s an instance of price deflation that … Continue reading
Disgraceful and Insulting
New discoveries were made on the economic front last week. The Labor Department reported that 163,000 jobs were added in July. Yet even with the new jobs, the unemployment rate rose to 8.3 percent. “We’ve still got too many folks … Continue reading
