Tag Archives: interest rate
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
Spain to ECB: Inflate or Die
The Bane of Europe “Thou hast seen nothing yet.” – Miguel de Cervantes, Don Quixote In the late 15th century, the gods look down from the heavens above and smiled upon Spain. With the capture of the Emirate of Granada … Continue reading
Sowing the Seeds of Mass Inflation
Around the time Elvis Presley choked on his last pill the impossible happened; inflation and unemployment increased simultaneously. Economists were confounded. According to the Philips curve there was supposed to be an inverse relationship between inflation and unemployment. When the … Continue reading
Credit Market Killing Machine
Yields on the 10-Year Treasury Note remain below 2 percent. Interest rates this low are extraordinarily abnormal. They indicate credit markets are feeble. Moreover, despite the Feds efforts to suppress interest rates, these ultra-low yields may be hurting the economy … Continue reading
