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Weekly Recap #163
Update of the key market and macro developments over the past week or so.
Weekly Recap #162
Update of the key market and macro developments over the past week or so.
Conundrum #3: Rate Cuts
Every cycle, the same headline appears. The Federal Reserve is cutting rates. And every cycle, the same reaction follows. Stocks cheer. Commentators call it stimulus. Economists say the Fed is “supporting the economy.” Financial media tells you easier monetary policy is on the way. But what if that entire interpretation is backwards?
Weekly Recap #161
Update of the key market and macro developments over the past week or so.
Weekly Recap #160
Update of the key market and macro developments over the past week or so.
Weekly Recap #159
Update of the key market and macro developments over the past week or so.
Conundrum #2: Lowest Lows
The Great Depression was just a few decades before Milton Friedman pointed out the interest rate fallacy in the 1960s. It should have ended any confusion. Despite a lengthy historical record already by that point, and then the experience of more sixty years since then, the fallacy continues to this day and is indeed the basis for Greenspan’s 2005 “conundrum.”
Weekly Recap #158
Update of the key market and macro developments over the past week or so.
Weekly Recap #157
Update of the key market and macro developments over the past week or so.
The Federal Reserve Part 1: Creature's Origins
What is the Federal Reserve? Some say it is an all-powerful safeguard for banks and the dollar. Others call it the Creature from Jekyll Island, evil incarnate. The truth is, as usual, somewhere in the middle and here in Part 1 we’re going to begin piecing together what that is. Never attribute to malice that which is adequately and quite easily explained by a long, long history of incompetence.
Weekly Recap #156
Update of the key market and macro developments over the past week or so.
Weekly Recap #155
Update of the key market and macro developments over the past week or so.