Tag Archives: janet yellen
Hold On To Your Gold
Something befuddling’s going on. It is quite the brain twister. As night follows day and day follows night, should not price inflation follow the massive $4 trillion Fed balance sheet expansion that’s happened over the last 6-years? Simply connecting the … Continue reading
One Hundred Years of Failure and Counting
Quantitative easing is set to expire this month. That’s the plan at least. The $10 billion monthly tapers will finally bring the Fed’s QE3 bond buying program down from $85 billion per month to zero. That’s not to say the … Continue reading
The End of Extend and Pretend
About 60-years ago twentieth century economist Hyman Minsky developed his Financial Instability Hypothesis. His main premise was that economic stability breeds instability. How’s that possible? As Minsky observed, financial crisis follow periods of economic stability and prosperity. Moreover, it’s these … Continue reading
Worshiping Utterances
The world around us is a strange and wacky place. Even so, it becomes ever stranger and wackier by the day. Just when we think we’ve seen it all…something new appears and creeps us out. For instance, have you seen … Continue reading
