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moentary policy

Proposed Negative Rates Really Expose The Bond Market’s Appreciation For What Is Nothing More Than Magic Number Theory

By |2019-05-21T16:41:32-04:00May 21st, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

By far, the biggest problem in Economics is that it has no sense of itself. There are no self-correction mechanisms embedded within the discipline to make it disciplined. Without having any objective goals from which to measure, the goal is itself. Nobel Prize winning economist Ronald Coase talked about this deficiency in his Nobel Lecture: This neglect of other aspects [...]

Raise the Rate and Stop Punishing Savers

By |2015-09-08T18:07:24-04:00September 7th, 2015|Federal Reserve/Monetary Policy|

For the past 7 years we've listened to the so-called "experts" bemoan the "extraordinary" Fed policies. They called them dangerous, untested, experimental. Now all of a sudden there is a change of heart? Don't raise the rate?? It is too risky?? It would be irresponsible and dangerous?? The markets and the economy couldn't possibly bear an interest rate above 1/8 of a percent?? The [...]

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