Tag Archives: zirp

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

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Is Janet Yellen a Jenny Ass?

Federal Reserve Chair Janet Yellen’s at the top of her game.  She knows exactly what to do.  She’s a PhD economist, after all.  Her various affiliations with the Fed go back nearly 40 years.  She knows what the correct Fed … Continue reading

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Lost in Extrapolation

In the late 1970s the impossible happened.  Inflation and unemployment simultaneously went vertical.  The leading economists of the day were flummoxed. The Phillips curve said there’s an inverse relationship between inflation and unemployment.  When unemployment goes down, inflation goes up.  … Continue reading

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Command and Control Economics

Goldman Sachs, Larry Summers, and the global financial alliance got their way last Thursday.  Fed Chair Janet Yellen rolled over and slobbered on herself like a yellow Labrador…offering more ZIRP to please her masters.  Savers, seniors, and freedom lovers the … Continue reading

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