bond prices

The Nature of Oil ‘Stimulus’ Is Strictly Imagined Math

By |2014-12-12T12:29:24-05:00December 12th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

It is amazing the speed at which FOMC officials have embraced not falling oil prices but collapsing crude. The pace of the decline is being driven, contrary to the fracking miracle, by the fact that nobody seems to want to bid on the stuff. That is, as I noted earlier, a demand problem. But officials like Fed Vice Chair Stanley [...]

The ‘Other’ Bubble

By |2013-05-10T14:20:18-04:00May 10th, 2013|Economy, Federal Reserve/Monetary Policy, Markets|

Lorenzo Bini Smaghi, a former member of the ECB’s executive board, raised some ire last month when he was quoted at the IMF’s spring meeting saying, “We don’t fully understand what is happening in advanced economies.” Such a statement drew so much attention largely because a significant number and proportion of investors, observers and professionals highly agree with him. Central [...]

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