interest rates

Taxes: 1970’s Redux?

by on November 14, 2017

Taxes. What a problem.

I was going to start by saying something about our current national debate about taxes, but that would have been an [more…]

Interest Rates, Faith, and Democracy

by on December 15, 2015

What a pickle!

The Federal Reserve Board's meetings have become a media event. The last few days - weeks if you want to be more [more…]

Interest Rate Mania

by on October 29, 2015

People keep asking me about interest rates. I wish they would stop. The question always make me feel like mimicking Eugene Fama: rates are rates. [more…]

Interest Rates

by on September 22, 2015

The Fed's decision last week not to raise interest rates has produced a predictable burst of apoplexy in the banking industry.

So what?

Banks would [more…]

Explicit Fed

by on December 12, 2012

The Fed has shocked some people today. I don't think it shocking at all. I see today's announcements as the continuance of a trend, so [more…]

The Fed Acts

by on September 13, 2012

Well it had to sometime. No one else is doing anything.

Only a few days ago I expressed a certain dismay that Ben Bernanke said [more…]

Bernanke Confuses

by on August 31, 2012

OK. Now I get it. The key qualification for any aspiring Chairman of the Federal Reserve Board goes as follows:

Give a long awaited speech [more…]

Actual News Not in Davos

by on January 26, 2012

In solidarity with the Chinese government I have decided to forego my trip to the annual Davos shindig. I am willing to overlook the fact [more…]

Midweek Round-Up

by on November 30, 2011

This is getting monotonous: leave the news for a few days - as I did over the weekend until yesterday - and nothing much changes. [more…]

Euro Break-Up Beckons

by on November 24, 2011

It's a holiday here in the US so we can all sit back and watch the slow motion dance towards the break-up of the Euro [more…]