Liquidity Trap, Alright, But One With None

By |2017-05-09T13:31:03-04:00May 9th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Unemployment in Brazil typically rises at the start of each year, a ritual accepted in that part of South America in a way that it isn’t here (residual seasonality). In 2013, for example, from December 2012 through March the rate rose by 1.1 percentage points. The following year, from December through March, it increased by 1 percentage point. This year, [...]