Tag Archives: federal reserve
Mass Delusions of Cupcakes and Credit
According to the Commerce Department, the U.S. economy grew at an annual rate of 2.2 percent during the first quarter of the year. Like the economy, something doesn’t feel quite right about this number. But what is it, really, that … Continue reading
Destroying the Retirement Dreams of a Generation
Stocks had a rough go of it yesterday. After recouping some of the day’s early losses the DOW ended the day with a 102 point loss. One headline said it was Europe’s fault. Another said it was Wal-Mart bribery in … Continue reading
A Wrong Against the Human Race
Last month brought forth new evidence that not only are things getting better, they’re getting worse too. For instance, borrowing by Spanish banks from the ECB hit a new record in March at 227 billion euros. The banks, in turn, … Continue reading
Monetary Policy, Explained
Minutes from the March 13 Federal Open Market Committee meeting were released Tuesday afternoon. Upon perusing the record of proceedings, Wall Street was shocked to discover there was no discussion of monetary easing options. Traders promptly sold. Then, on Wednesday, … Continue reading
