Tag Archives: monetary policy

The Dollar Is Dying

Posted on August 7, 2020 by MN Gordon

This week, while perusing the Federal Reserve’s balance sheet figures, we came across a rather curious note. We don’t know how long the Fed’s had this note posted to its website. But we can’t recall ever seeing it. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 17 Comments

The Secret to Fun and Easy Stock Market Riches

Posted on February 14, 2020 by MN Gordon

On Tuesday, at the precise moment Federal Reserve Chairman Jay Powell commenced delivering his semiannual monetary policy report to the House Financial Services Committee, something unpleasant happened. The Dow Jones Industrial Average (DJIA) didn’t go up. Rather, it went down. Continue reading →

Posted in MN Gordon, Stock Market | Tagged , , , , | 14 Comments

Why Fed Chair Powell’s a Laughingstock

Posted on May 3, 2019 by MN Gordon

Powell believes this ”technical adjustment” will compel banks with excess reserves parked at the Fed to pursue better returns elsewhere.  Powell also believes lowering the IOER rate will keep the federal funds rate from deviating above its upper range. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 4 Comments

Unsolicited Advice to Fed Chair Powell

Posted on April 12, 2019 by MN Gordon

Behind closed doors, President Trump and Fed Chair Jay Powell are in freak out mode.  President Trump wants lower interest rates and artificial stimulus to fabricate GDP growth into the 2020 election year.  His prospects for a second term in office depend on it. Fed Chair Powell knows the economy’s toast.  Annualized GDP growth for the first quarter of 2019 was recently estimated at just 1.3 percent.  But he cannot yet admit it.  Specifically, he cannot cut rates just yet without triggering a market panic. Continue reading →

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