Monday, June 8, 2015
Central Banks: Pixie Dust
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The latest global economic indicators are pointing to more growth and less deflation. Below, I review the likely response of the major cent...
Wednesday, May 27, 2015
Central Banks: Not So Easy
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The major central banks of the world have been easing their monetary policies significantly since the financial crisis of 2008. They’ve suc...
Tuesday, May 26, 2015
Tiptoe Through the Soft Patch
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The song “Tiptoe Through the Tulips” was originally published in 1929, just before the Great Depression, and famously revived by Tiny Tim ...
Thursday, May 21, 2015
Central Planners
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On Monday, Josh Brown, a panelist on CNBC’s “Halftime Report,” commented that the major central bankers’ policy of “kicking the can down th...
Fed: Your Tax Dollars at Work
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The Federal Reserve System employs hundreds of economists. Most of them work in the research departments of the Board of Governors in DC an...
Wednesday, May 20, 2015
Eurozone: Draghi’s Latest Pledge
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ECB President Mario Draghi is the Fairy Godfather of the Eurozone’s bond market. Bond yields dropped dramatically in the region after he pl...
Wednesday, May 13, 2015
The Fed: Prepping the Markets
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“This is Ground Control to Major Tom” are lyrics from David Bowie’s classic “Space Oddity.” In Bowie’s song, the astronaut responds to Gro...
Monday, May 11, 2015
Yellen: The Valuation Question
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Fed Chair Janet Yellen gave a speech titled “Finance and Society,” on Wednesday at a conference sponsored by the Institute for New Economi...
Thursday, May 7, 2015
Fed: Bond Bath
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Fed officials are probably very confused right now. They all say that their policy is data dependent. Some of them have said that the decis...
Thursday, April 9, 2015
Fed: Dudley's on First
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March employment data were released on Friday, when the stock market was closed. Futures dropped sharply on the disappointing news. Neverth...
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