Tag Archives: janet yellen
Guided By Nonsense
“Read the directions and directly you will be directed in the right direction.” — Lewis Carroll U.S. consumers are at it again. After a seven year hiatus they’re once again doing what they do best. They’re buying stuff. According to … Continue reading
Why Janet Yellen is Toast
“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
The Muted Delight of the Forthcoming Recession
One week down. Fifty-one more to go. No doubt, this has been a wild start to the New Year. We expect many more to follow. For example, on Monday, Chinese investors overloaded the Shanghai Stock Exchange. An abundance of traders … Continue reading
Life After ZIRP
Federal Reserve Chair Janet Yellen finally made good on her promise. On Wednesday she raised the federal funds rate to a target range of 0.25 to 0.5 percent. Can you believe it? After nearly a decade since the last rate … Continue reading
