Insanity

Why Japan Went NIRP: No More Doubts About QQE

By |2016-02-08T17:25:23-05:00February 8th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

When real household spending fell by 4.6% in April 2014 it was cause for concern. That was the first month after the tax hike hit and the decline in spending was much larger than anticipated (by economists, at least). Despite the heavy toll, Bank of Japan officials remained (outwardly) wholly unconcerned over what was believed a minor setback on the [...]

Einstein, Bernanke and Shampoo

By |2012-09-24T16:04:53-04:00September 24th, 2012|Markets|

Mandates are tricky enough when it comes to interpretation of how to best and most efficiently achieve them. This is especially true when the act of fostering a mandate or moving a system toward the desired outcome is disruptive. The evaluation process of the mandate and the policies meant to push toward it inevitably descends into some kind of cost/benefit [...]

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