fbpx

foreign dollars

Credit QE

By |2017-03-08T19:31:21-05:00March 8th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Although he didn’t state it specifically in his November 2010 Washington Post op-ed formally justifying QE2, it was very clear that then-Fed Chairman Ben Bernanke intended it to work through lending and especially the bank channel. Though he doesn’t explain, nor has any official ever, why a second one was needed given that the first was “quantitatively” determined, Bernanke was [...]

Do Record Debt And Loan Balances Matter? Not Even Slightly

By |2017-03-07T16:54:09-05:00March 7th, 2017|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

We live in a non-linear world that is almost always described in linear terms. Though Einstein supposedly said compound interest is the most powerful force in the universe, it rarely is appreciated for what the statement really means. And so the idea of record highs or even just positive numbers have been equated with positive outcomes, even though record highs [...]

Go to Top