Tag Archives: fomc

Tales from the FOMC Underground

Posted on July 7, 2017 by MN Gordon

Many of today’s economic troubles are due to a fantastic guess.  That the wealth effect of inflated asset prices would stimulate demand in the economy. The premise, as we understand it, was that as stock portfolios bubbled up investors would … Continue reading →

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Monetary Madness and Rabbit Consumption

Posted on June 16, 2017 by MN Gordon

“The hurrier I go, the behinder I get,” is oft attributed to the White Rabbit from Lewis Carroll’s, Alice in Wonderland.  Where this axiom appears within the text of the story is a mystery.  But we suspect the White Rabbit … Continue reading →

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Why Janet Yellen is Toast

Posted on March 18, 2016 by MN Gordon

“The Phillips Curve is alive,” said Fed Chair Janet Yellen at Wednesday’s post FOMC meeting press conference. We’ll offer some remarks on this in just a moment, including why Yellen is toast.  But first we must put her utterances into … Continue reading →

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